Fastener specialist Herag of Bolsward has been acquired by A.S.F. Fischer BV of Lelystad with effect from 24 January 2023. The acquisition involves a 100% share transfer.
Both A.S.F. Fischer BV and Herag operate as fastener specialists in the Dutch construction wholesale industry. Both companies are renowned for their concept-based market approach with leading A-brands, own brands and private labels.
Herag has been a leading family business in fasteners such as bolts, nuts, screws and plugs since 1966. Herag is well known for its retail and store packaging. Director Bert Kieberl is delighted with the acquisition; “Our customers, suppliers and employees are in good hands with A.S.F. Fischer BV”.
Director Arnoud Booij of A.S.F. Fischer says the acquisition is a perfect fit with the organization’s growth strategy. “We want to remain a solid, stable and forward-looking partner for our business relations in the future. With this acquisition we’re strengthening our position in the market and broadening our brand and product portfolio. Through the acquisition the customers of both companies will benefit from synergy benefits in both the logistics and commercial areas.” A.S.F. Fischer BV was established in 1945 and is known for brands including Woodies, Interdynamics, QlinQ, Steelies, Grabber, Fis-Profi and Perfectmate.
In mid-February all Herag activities will transfer from Bolsward to Lelystad, where a full integration of the sales, purchasing and logistics activities will take place.