KYOTO, Japan--(BUSINESS WIRE)--Kyocera Corporation (TOKYO:6971) today announced that it has concluded an agreement to acquire 100% ownership of SouthernCarlson, Inc. (CEO: Kenneth D. Sweder), a U.S. distributor of tools, fasteners, packaging and facility supplies, headquartered in Omaha, Nebraska. Under the agreement, SouthernCarlson will operate as a U.S.-based subsidiary of Kyocera Corporation.
SouthernCarlson serves a broad array of end markets from over 150 branches across North America. It is a leading distributor of the most recognized and highest-quality brands of construction fasteners, tools, packaging, facility supplies and tool repair services.
Acquisition Background
Kyocera entered the industrial tools
market in the 1970s with a line of high-speed metal processing tools,
and has steadily expanded into precision tools for automotive,
aerospace, energy, medical and woodworking applications. With the
acquisition of SouthernCarlson, Kyocera will serve a wider range of
customers across the North American residential, manufacturing and
industrial professional tool and fastener markets.
|
Overview of SouthernCarlson, Inc. |
||
| Company name | SouthernCarlson, Inc. | |
| CEO | Kenneth D. Sweder | |
| Established | 1947 | |
| Global headquarters | Omaha, Nebraska, U.S.A. | |
| Main business | Distribution of fastening tools, fasteners, packaging and facility supplies | |
| Associates | Approximately 1,100 (as of March 31, 2019) | |
About
KYOCERA
Kyocera
Corporation (TOKYO:6971) (https://global.kyocera.com/),
the parent and global headquarters of the Kyocera Group, was founded in
1959 as a producer of fine
ceramics (also known as “advanced ceramics”). By combining these
engineered materials with metals and integrating them with other
technologies, Kyocera has become a leading supplier of industrial and
automotive components, electronic devices, semiconductor packages, solar
power generating systems, printers, copiers and mobile phones. During
the year ended March 31, 2019, the company’s consolidated sales revenue
totaled 1.62 trillion yen (approx. USD14.6 billion). Kyocera appears on
the “Derwent Top 100 Global Innovators 2018-19” list by Clarivate
Analytics and is ranked #612 on Forbes magazine’s 2018 “Global 2000”
list of the world’s largest publicly traded companies.
