EuroWire March 2022

Corporate News

MW increases spring manufacturing capabilities Precision components provider MW Industries has acquired Fox Valley Spring Company, a supplier of springs, wire forms and flat springs. “We’re thrilled to welcome Fox Valley Spring to the family and look forward to growing together as we provide more products and services to our customers.“

family. We’re excited to provide those resources to our customers and bring our capabilities to serve the greater MW customer base.” As part of MW Components, Fox Valley Spring will operate as MW Components – Fox Valley. Existing customers from the combined companies will have access to the full portfolio of products and services. With more than 30 manufacturing facilities worldwide, MW Industries group companies deliver precision components to 19,000 businesses across more than 75 countries worldwide, in sectors as diverse as life sciences, automotive, aerospace, electronics and energy.

With the latest CNC coiling and automa- tion technology, Fox Valley Spring can manufacture complex precision springs in a single operation. The company’s engineering and manu- facturing professionals can design and manufacture custom springs to custom- ers’ unique requirements. Fox Valley Spring president Keith Wincentsen commented, “Our goal has always been to provide the best products and services to our customers; joining the MW family allows us to do more for them than ever before. “As one company, our customers will now be able to purchase products from any MW location and request speciality springs that leverage our capabilities as well as those offered throughout the MW

The acquisition expands MW Industries’ existing automation and manufacturing capabilities for springs and wire forms. The combined company will offer expertise in complex precision spring manufacturing for a variety of spring types, including extension springs, torsion springs, wire forms and die springs. Fox Valley Spring will join MW Components, the division of MW Industries focused on manufacturing highly engineered precision components at speed and scale. “Fox Valley Spring’s technology and expertise will allow us to better support our customers as they seek custom springs made from speciality materials, manufactured to tighter tolerances,” said Simon Newman, CEO of MW Industries.

MW Industries, Inc www.mw-ind.com Fox Valley Spring Company www.foxvalleyspring.com

Industrial nailers and staplers market forecast The industrial nailers and staplers market is expected to grow at a CAGR of over 4.14 per cent during the period 2020-2026, according to a report frommarket research firmArizton Advisory & Intelligence. With analysis and data-driven insights on the impact of Covid-19, highlights of the report include: • The global industrial nailers and staplers market will realise an absolute growth of 27.55 per cent in terms of revenue in the period 2020-2026 • The pneumatic nailer and stapler segment accounted for the majority share of the global industrial nailers and staplers market in 2020, and is expected to grow at a CAGR of 3.19 per cent during the forecast period • The nailers segment dominated the market with a share of 72.05 per cent in 2020, and is expected to grow at a CAGR of 4.41 per cent during 2020-2026 • North America’s share of the market was 32.87 per cent in 2020. The region is expected tomaintain its position during the forecast period • APAC emerged as the second-largest market for industrial nailers and staplers with a share of 26.54 per cent in 2020. It is expected to be the fastest-growing market during the forecast period Key offerings in the report include market size and forecast by revenue, 2020-2026; market dynamics – leading trends, growth drivers, restraints and investment opportunities; market segmentation – a detailed analysis by product type, operation, end- users and geography; and competitive landscape. A sample of the report can be obtained via Arizton’s website. Arizton Advisory & Intelligence www.arizton.com

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March 2022