Avantus Aerospace acquires California-based fasteners manufacturer CalScrew
Avantus Aerospace, a provider of C-Class and composite parts for the aerospace and defense industry, has acquired California Screw Products (CalScrew) based in Paramount, California.
The financial terms of the deal were not disclosed.
CalScrew is engaged in manufacturing high-strength fasteners for commercial and military aerospace applications.
According to Avantus Aerospace, CalScrew has a natural fit with other firms within the Avantus group, which includes FTC (Fastener Technology Corp), acquired in December 2019, and FIT (Fastener Innovation Technology), which was acquired last month.
Brian Williams – Avantus CEO said: “The CalScrew team is known for taking care of their customers and we are excited about dovetailing their unique fasteners into our expanding product line-up. Our combined strength allows Avantus to continue offering a diverse range of high-quality products with exceptional customer service.”
Avantus Aerospace acquires California-based fasteners manufacturer CalScrew. Photo courtesy of PRNewsfoto/Avantus Aerospace.
Established in 1984, CalScrew is said to have built a strong reputation as an innovative and reliable provider of difficult-to-manufacture ‘standards’ serving 45 plus aircraft platforms.
The company’s customers include Boeing, Incora, Honeywell, Collins, Pratt & Whitney, General Electric, Lockheed Martin, and Airbus.
CalScrew’s existing management teams will be retained. They will work under Fastener President Dennis Suedkamp, and Director of Business Development Larry Valeriano, who was previously the President of CalScrew.
Larry Valeriano said: “California Screw Products is a well-known brand in the fastener standards market, and looks forward to joining FIT and FTC as another integral company in the Avantus fastener and C-Class portfolio.”