FastenersASIA July 2022

Industry news

2022 Wuxi Taihu international industrial equipment exhibition One of the largest spring exhibitions in Asia, the Wuxi Taihu International Spring and Processing Equipment Exhibition, will take place from 9 to 12 October 2022, at the Taihu International Expo Center in Wuxi, China. The range of exhibits will include • Spring-related products: automobile springs, motorcy cle springs, valve springs, clutch springs, shock absorption springs, oil pump springs, high temperature springs, mould springs, hydraulic prop springs, hot coil springs, leaf springs, dish springs and special-shaped springs. • Supporting raw materials for spring production: wire, special steel, stainless steel, plate, pipe and other special materials. • Spring manufacturing technology and equipment: computerised spring manufacturing machines, computerised spring press machines, spring machines, spring grinding machines, bending machines, spring coiling machines, grinding machines, spring quenching machines, earphone coiling, spring rolling mills, shot blasting equipment and other special equipment. Spring testing instruments and equipment will include spring testing machines, torsion spring testing machines, material

testing machines, hardness testers, spring tension and pressure testing machines, gas spring characteristics testing machines, cold and hot testing equipment, anti-corrosion performance testing equipment, spring testing machines, fatigue testing machines, spring load sorting machines, polishing machines, flaw detection equipment and other special testing instruments. Highlights of the exhibition will be the latest equipment, prod ucts and new technology; the presence of well-known manu facturers; and the opportunity for business negotiations and to expand brand awareness. The event is sponsored by the China Machinery Industry Federation, and is jointly organised by the Wuxi Machinery Industry Federation, Wuxi Branch of China Council for the Promotion of International Trade, and Jiangsu Sanjiaozhou International Conference & Exhibition Co, Ltd, with Dongguan Yongteng Automation Equipment Co, Ltd as co-organiser. Jiangsu Sanjiaozhou International Conference & Exhibition Co, Ltd www.wxthz.com

Bufab acquires TIMCO Sweden-based C-parts supply chain partner Bufab has acquired TIMCO (TI Midwood & Co Ltd), a UK construction products supplier headquartered in Nantwich, Cheshire. The purchase price paid upon closing of the transaction amounts to £54mn on a cash-free/ debt-free basis. A performance-based additional payment may be made in 2023 2024, conditional on operating profit.

at TIMCO, said, “This deal will enable us to accelerate our growth and continue expanding the range of products and services we offer, while still maintaining our first-class customer service. “We look forward to working with our new colleagues at Bufab in driving the company forward.” Bufab AB www.bufab.com TIMCO www.timco.co.uk

C-parts (screws, fasteners and fixings, nails, etc) to the construction industry and will significantly improve Bufab’s customer offering in this market segment. This strategic expansion in the UK market further underlines our commitment to grow and widen our offering in new market segments and we are confident that TIMCO will continue to grow and to keep its strong entrepreneurial DNA and excellent customer service also as a member of Bufab group.” Simon Midwood, who will continue to run the business with the senior team

TIMCO has been family-owned since its foundation in 1972 by Tim Midwood, and is currently run by Tim’s son, Simon Midwood, managing director. Under Simon’s leadership, TIMCO has expanded to become a one-stop shop for more than 4,500 independent merchants across the UK and Ireland, supplying trade professionals with products such as screws, fasteners and fixings, nails, adhesives and chemicals, powertool accessories, hand tools, building hardware and site protection, security, ironmongery and PPE. Johan Sandberg, Bufab’s director global business development and group director UK, commented, “I am honoured and very happy to announce this acquisition, which is the largest acquisition so far for Bufab. It is a significant and attractive add-on to our existing businesses in the UK. TIMCO is a very strong brand within

TIMCO’s warehouse facility

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July 2022

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