Kyocera has Acquired Ownership of Senco

With the acquisition of Senco, Kyocera plans to increase its sales of fastening tools and fasteners to about $361 million by the fiscal year ending March 31, 2021.

Kyocera Corp. announced that it has acquired 100 percent ownership of fastener and tool manufacturer Senco Holdings Inc., based in Cincinnati, Ohio, as of August 7. The enterprise has been renamed Kyocera Senco Industrial Tools Inc.

Kyocera entered the industrial tools market in the 1970s with a line of high-speed metal processing tools and has steadily expanded into precision tools for electronics, aerospace, automotive, medical and woodworking applications. Kyocera’s 2011 acquisition of the Unimerco Group in Europe added a fastening tool product line that promises excellent synergies with Senco’s longstanding expertise in the fastening tools and fasteners market. With the acquisition of Senco, Kyocera plans to increase its sales of fastening tools and fasteners to about $361 million by the fiscal year ending March 31, 2021.