CINCINNATI, Ohio, October 22, 2012 — Senco® Brands has acquired Timbalok Fasteners (NZ) Ltd., Auckland, New Zealand for an undisclosed amount. The company has been Senco’s principal distributor for New Zealand since its formation in 2008.
“We are particularly excited about the opportunities Timbalok can bring to our company,” said Senco CEO Ben Johansen. “Founded by Managing Director Mark Glidden with the support of outside investors, Timbalok has been very successful in establishing itself as an industry expert in both the professional and industrial end markets. The breadth of industry knowledge Mark and his team bring to us will be a valuable addition to Senco in the region.”
Glidden and his team will report directly to Peter van der Wel, president of Senco International. Aiding this transition is Glidden’s extensive experience and expertise in power fastening. Prior to the formation of Timbalok, he served as retail manager for PDI Electrical and as general manager of Velux Asia Pacific, ITW, NWZ, Nylex NWZ and Placemakers NWZ.
About Senco Brands, Inc.
Senco Brands, Inc. manufactures a broad line of air-, battery- and gas-powered tools, including nailers, staplers and screwguns, for professionals involved in wood-to-wood construction and remodeling and a variety of industrial applications. Its tools are available through professional distribution outlets in more than 40 countries. The company also manufacturers more than 750 types, styles and sizes of fasteners in its Cincinnati, Ohio facility. www.senco.com.