OMG Inc. Acquires PAM Fastening Technology
Agawam, MA - OMG Inc. announced it has acquired PAM Fastening Technology Inc. of Charlotte, N.C., in a stock purchase. OMG is a manufacturer of fasteners and building products for commercial and residential construction applications. Terms of the transaction were not disclosed.
PAM was founded in 1982 by Buhnen International GmbH of Bremen, Germany, and has two distinct product lines: auto feed screw systems and collated screws for decking and flooring, and hot melt tools and adhesives for flooring and carpet installation. PAM sells these residential construction products throughout the United States and Canada under the PAM and Buhnen brand names through a network of independent representatives. OMG plans to integrate PAM into its FastenMaster business.
“This acquisition is significant for FastenMaster in several ways,” said Hubert McGovern, president and CEO of OMG. “It strengthens our position in the exterior deck market, offers growth opportunities in sub-flooring, and gives us a significant opportunity to expand and leverage the FastenMaster brand with hot melt adhesives.”
“FastenMaster is committed to delivering products to the residential construction market that make installation faster, easier and stronger” added John Ashe, VP and General Manager of FastenMaster. “The PAM acquisition not only strengthens this capability, but also provides opportunities to expand the FastenMaster brand into several new market segments and to bring even greater value to our distribution partners.”
OMG will continue to operate PAM from its existing facilities in Charlotte initially, but plans to transition the business to Massachusetts over time.