GCA Advises Kyocera on Its Acquisition of Senco
Kyocera Corporation, headquartered in Kyoto, Japan, is a leading manufacturer of tools, industrial ceramics, electronic equipment and electronic components. The company entered the industrial tools market in the 1970s with a line of high-speed metal processing tools.
Senco, established in 1948 and based in Cincinnati, Ohio, is a leader in manufacturing power fastening tools for residential, commercial, manufacturing and construction applications. Senco’s diverse line includes pneumatic and electric nailers, staplers, screw systems, and compressors. Its products are sold in more than 40 countries worldwide.
With this acquisition, which is the latest in Kyocera’s efforts to expand its tool business, Kyocera plans to increase its sales of fastening tools and fasteners to approximately $361 million (¥40 billion) by the fiscal year ending March 31, 2021. The company has recently expanded its cutting tool business from its core product range of metal process tools into other applications in medical and woodworking. It entered the pneumatic tool business in 2011 with the acquisition of Unimerco Group in Europe. The acquisition of Senco adds a strong US footprint and improves Kyocera’s product development capabilities.
GCA acted as exclusive financial advisor to Kyocera in connection with this transaction.
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