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PRESS RELEASE
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Avantus Aerospace acquires Fastener Innovation Technologies
Tuesday, 29 September 2020

Avantus Aerospace, a global leader of C-Class and Composite parts for the aerospace and defense industry, is pleased to announce the acquisition of Fastener Innovation Technology Corporation (FIT) in Rancho Dominguez, California.

FIT manufactures unique, high-strength specialty fasteners for military and commercial aerospace applications and has a natural fit with other companies in the Avantus group, including Lamsco and Fastener Technology Corporation (FTC), which was acquired by Avantus in December 2019.

FIT, founded in 1979, has built a strong reputation as an innovative and reliable supplier with a broad range of specialty fastener qualifications and, under the guidance of President Larry Valeriano, has expanded their applications to more than 25 aircraft platforms. Some customer relationships span multiple decades, such as those with Boeing (including BDSI), Incora (Wesco), Raytheon, and Lockheed Martin. The existing management team will continue to operate and grow the business under the guidance of Avantus Fastener President Dennis Suedkamp, aided by Avantus' additional resources.

Avantus CEO, Brian Williams, said: "The FIT team have built an innovative, specialty fastener business with an excellent reputation. We believe our combined strength will allow us to better serve our customers. We look forward to making further acquisitions that complement our existing product and geographic offering."

Larry Valeriano commented: "FIT's great customer relationships and long tradition of manufacturing excellence make it an ideal fit for an organization like Avantus Aerospace that shares its values. Together we are well positioned to capitalize on the long-term growth opportunities that lie ahead in the fastener and C Class marketplace."

Dennis Suedkamp added: "We look forward to enhancing our combined technical and manufacturing resources, while also supporting the development of our employees and the success of our customers.

Contact details from our directory:
Avantus Aerospace (was Shimtech Industries) Brackets, Fasteners, Shims, Precision Machined Parts, Composite Structures, Clips
Fastener Innovation Technology - FIT Fasteners, Screws, Nuts, Captive Screws, AN, MS & NAS Series Fasteners, Insulation Fasteners, Alignment Pins, Pin-Rivet Fasteners, Quick Release Fasteners, Self-Locking Fasteners, Snap Fasteners, Custom Fasteners, Bolts, Countersunk Bolts, Hexagonal Bolts, Heat Resistant Bolts, Protruding Bolts, Retainer Bolts, Self-Locking Bolts, Self-Retaining Bolts, Shoulder Bolts
Related directory sectors:
Fasteners