Fletcher-Terry Acquires ITW-AMP

The Fletcher-Terry Company of East Berlin, CT, an industry leading manufacturer of industrial machinery, tools, equipment, and consumable supplies, has agreed to acquire ITW AMP and Alfamacchine, Sri. AMP has operations in Vernon Hills, IL, and Pontotoc, MS. Alfamacchine is located in Forli, Italy. Both will become wholly owned subsidiaries of Fletcher-Terry.

Fletcher-Terry intends to operate the two businesses independently and will continue operations at all existing AMP and Alfamacchine facilities. Fletcher will continue ITW’s tradition of offering innovative products and outstanding service to trade accounts and multi-site retailers.

Fletcher-Terry president Blair Tomalonis said, “We are very excited to have AMP and Alfamacchine join The Fletcher Business Group. These two strategic acquisitions dovetail perfectly with our core businesses as we continue to serve our OEM and wholesale trade accounts in the wall decor and picture framing markets. Alfamacchine provides us with a manufacturing base in Europe and enables us to better serve our customers globally as we expand our production and distribution facilities. These acquisitions will help us strengthen our relationships wit our distribution and OEM channel partners”

Timm Fields, general manager of ITW’s N.A. Commercial Construction Division, said, “Our customers will continue to receive the high level of service and premium-quality fastening products and solutions they have come to expect.”

For more, contact Fletcher-Terry Marketing Director James McNickle at 860-409-1595 or mcnickle@fletcher-terry.com or visit www.fletcher-terry.com and www.itw.com

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Reference: PFM, September 2012