Hi-Tech Fasteners of Canada acquires Wesco Aircraft biz

Hi-Tech Fasteners of Canada Inc., Mississauga ON, has purchased the industrial fastener business of Wesco Aircraft Canada. ¡°We are very excited about the opportunity to further expand our presence throughout Canada,¡± says Tom Waller, president, Hi-Tech Fasteners. ¡°The added personnel, resources and experience this acquisition brings will enable us to do an even better job of servicing the growing manufacturing base we see here. I further believe our aggressive inventory strategy fills a void, and offers us greater partnering opportunities with our new and existing customers.¡± In addition to the Mississauga warehouse, the acquisition will also give Hi-Tech Fasteners of Canada the opportunity to service western Canada with local inventory in British Columbia. ¡°We are tripling the size of our Mississauga warehouse and will also capitalize on Wesco¡¯s presence in Vancouver,¡± adds Steve Hill, sales manager, Hi-Tech Fasteners of Canada. ¡°In addition to our experienced team here, we are adding some key individuals who understand the business, and more importantly, their customers.¡± Based in Frederick MD, Hi-Tech Fasteners Inc. is a factory authorized stocking distributor for dozens of leading engineered fastener, electronic hardware and mechanical component lines specified by the electronics, telecommunications, medical, computer, aerospace, instrumentation and other high-tech and commercial industries.