Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Heyco Products, Inc. (“Heyco Products”) to Penn Engineering & Manufacturing Corp. (“PennEngineering”). Dunn Rush & Co. served as financial advisor to Heyco Products in the transaction.
Heyco Products (www.heyco.com) 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 Products has a modern, globally certified, U.S.-based manufacturing facility with vast expertise in injection molding, progressive stamping, over molding, and assembly processes and techniques. Heyco Products was founded in 1926 and is based in Toms River, New Jersey.
PennEngineering (www.pemnet.com) is the global leader in the development and manufacture of precision fasteners, components and installation systems, specializing in thin sheet attachment solutions. With globally recognized brands including PEM®, microPEM®, PEMSERTER®, PROFIL®, PennAuto™, and Atlas®, the company provides design and product solutions worldwide for diverse industries, including electronics, computer, data/telecom, medical, automotive, aerospace/aircraft, and general manufacturing. 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.
For more information about this transaction, you can click here to access the press release.
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