Specialty Fastener Firm Purchases W&E Sales Co.
Specialty fasteners and body hardware company, Auveco, has acquired W&E Sales Co.
W&E, headquartered in Newark, New Jersey, is a provider of autobody fasteners and specialty hand tools to the automotive aftermarket.
“For years, the W&E brand and company have been synonymous with exceptional quality and service. The combination of these businesses has strong strategic fit and provides immediate benefits to customers of both Auveco and W&E,” said Auveco CEO Jeff Gilkinson. “We are thrilled to expand our product portfolio while continuing to strengthen the breadth of solutions we can offer our growing network of distribution partners.”
Auveco has grown in recent years, most recently through the June 2018 acquisition of Marli Manufacturing, a provider of automotive aftermarket mechanical components, including engine head bolts, intake manifold bolts, oil drain plugs, oil drain gaskets and other specialty fasteners and fittings. As with Marli, this acquisition brings new resources for W&E as a part of Auveco.
“Auveco’s market leadership is underpinned by their extensive product portfolio and rapidly expanding array of new products,” said Richard Carr, CEO of W&E. “This partnership opens new opportunities to serve our channel partners while allowing W&E to stay true to its world-class product quality and customer service.”
Auveco and W&E will continue to function as individual brands to support their respective customers with existing products and services, according to Auveco. Longer term plans will be developed to better integrate the offering of the two companies and leverage each other’s strengths.
