Acument Global Technologies Acquires Saturn Fasteners of Burbank, Calif.
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-- Acquisition Continues Acument's Reemergence as Aerospace Fastener Supplier -- Saturn Operation Addresses Strong Industry Demand For Threaded Fasteners BURBANK, Calif.--(Business Wire)-- One week after launching its new Camcar(R) Aerospace operation in Rockford, Ill., Acument Global Technologies, Inc. (Acument) today announced it has acquired Saturn Fasteners, Inc., to augment and strengthen its capabilities in the high-performance aerospace threaded fastener market. Based in Burbank, Calif., Saturn Fasteners employs more than 100 people in support of its more than 300 global customers, including aerospace fastening distributors, original equipment manufacturers, and their suppliers. "The Saturn team's strong focus on customer service and quality make the company a key component of Acument's re-emergence as an aerospace threaded fastening supplier," said Martin Schnurr, vice president and general manager of Acument North America. "Together with our newly launched Camcar Aerospace operation in Illinois, Saturn demonstrates our commitment to the aerospace industry and establishes a solid foundation for addressing the shortage of specialty threaded fasteners created by the dramatic ramp-up in global aircraft production." In addition to its well-established global customer base, Saturn gives Acument a local presence in Southern California's growing aerospace community, Schnurr said. Terms of the acquisition were not disclosed. For more information on Saturn Fasteners, visit its Website: www.saturnfasteners.com About Acument Global Technologies, Inc. Headquartered in Troy, Mich., USA, Acument Global Technologies, Inc., is among the world's leading providers of mechanical fastening systems and value-based fastening solutions, including engineered fastening systems, state-of-the-art fastening installation technology, and inventory management and application engineering services. With about 8,500 employees in 17 countries worldwide, the company supplies fastening products, systems and services to customers in more than 150 countries. For more information about Acument Global Technologies: www.acument.com Acument Global Technologies, Inc. Timothy G. Weir, APR, 248-813-6329 email@example.com Copyright Business Wire 2008
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