Heyco Products to serve as foundation of PennEngineering’s new Engineered Plastics platform

PennEngineering (Danboro, PA) announced today that it has successfully completed the acquisition of Heyco Products Inc. (Toms River, NJ). PlasticsToday first reported about the deal on July 28.

Heyco Products will continue to operate as a separate company under the PennEngineering corporate umbrella as the foundation of the new Engineered Plastics platform, according to a news release. The highly regarded Heyco brand will remain unaffected. Bill Jemison, President of Heyco, will continue to lead the company with the existing Heyco management team.

The acquisition is expected to expand opportunities for both companies: PennEngineering’s global presence and existing customer and sales channel relationships will accelerate Heyco’s growth in Europe and Asia, while the combined product offerings will provide customers worldwide with the leading offering of metal and plastic component assembly solutions.

Founded in 1926, Heyco Products designs and manufactures molded wire protection products, plastic fasteners, molded components and stamped electrical components to meet the needs of industrial, medical, appliance, transportation, alternative energy, lighting and aerospace companies. With a well-known brand name, Heyco also brings a modern, globally certified, U.S.-based manufacturing facility with expertise in injection molding, progressive stamping, over molding, and assembly processes and techniques.

Founded in 1942, PennEngineering is the global leader in the development and manufacture of precision fasteners, components and installation systems, specializing in thin sheet attachment solutions, for an array of industries and applications. The company operates fastener manufacturing facilities and key sales offices in North America, Europe and Asia, and is supported by a worldwide network of authorized engineering representatives and distributors.