ROCHESTER HILLS, Mich. — A Raymond, a global supplier of automotive engineered fastening and fluid-handling connections systems, has acquired Tinnerman Palnut Engineered Products of Brunswick, Ohio. A Raymond will merge its current North American operations with Tinnerman to form A Raymond Tinnerman Manufacturing.
The acquisition will substantially expand A Raymond’s presence in automotive as well as other industrial markets in North America, according to David Nenno, president of the new operating group.
“We’re creating a powerful, new North American organization to provide our customers with a better, more competitive and complete portfolio of plastic and metal fasteners, fluid quick-connectors and other assemblies,” Nenno said.
Merger talks between the two companies began six months ago.
Nenno noted that Tinnerman has been supplying A Raymond with metal fasteners for the past year. The two companies supply most of the world’s leading automakers, as well as Tier One auto suppliers and other industrial manufacturers.
Tinnerman is a leading supplier of engineered metal-clip fasteners and precision metal stampings for the auto industry with 482 employees at facilities in Brunswick, Ohio; Flemingsburg, Ky.; Logansport, Ind.; Southfield, Mich., and Hamilton, Ontario, Canada.
A privately held company based in Grenoble, France, for North America, A Raymond currently has 133 employees at two manufacturing plants in the Detroit suburb of Rochester Hills.
North American employees of A Raymond and Tinnerman were informed of the acquisition in a series of plant meetings held over the past several weeks. In total, the two companies have 3,700 employees working in 21 countries around the world in manufacturing, engineering and sales.
Financial terms of the acquisition were not released.
