AFC Industries Acquires Globe International Corporation
AFC Industries has acquired Philadelphia, Pennsylvania-based Globe International Corporation. Terms of the deal were not disclosed.
Founded in 1950, the company is a leading supplier of fasteners, door hardware, and galvanized aircraft cable that specializes in value-added kitting and other services.
“Our company has a long history of success based on taking excellent care of our customers and our people,” said Globe Co-owner Steven Weissman. “It was important to us to find a partner that would continue to build on that foundation and AFC has a proven history of doing that. We are excited to be part of the AFC team and for the possibilities that now open to us.”
“AFC offered a unique combination of the resources of a larger business with a customer-focused culture built around the team,” said Michael Weissman, co-owner. “They understand our business and what has made it successful, and we could not have found a better fit to position us for future success.”
“We knew the Globe team because we competed with them through the years in a couple of our key markets,” said AFC CEO Kevin Godin. “We have a lot of respect for them and how they do things and bringing them onboard will significantly strengthen our competitive position in those markets. Most importantly, though, it allows us to deepen our bench with a group of talented and experienced people who understand how to work as a team to take excellent care of their customers and each other. That is always an investment we are excited to make.”
Headquartered in West Chester, Ohio, AFC Industries is a dynamic organization dedicated to providing supply chain management solutions on small components and tooling for a diverse base of manufacturers and assemblers across a broad range of industries. Through its experienced team and global resources, AFC excels at making customer manufacturing and assembly processes more efficient and cost-effective.
For more information, visit www.afcind.com, or email sales@afcind.com.