Poggipolini acquires Houston Precision Fasteners
Blitzer, Clancy & Company advised Italy-based Poggipolini on the deal
San Lazzaro di Savena - Bologna – Italy – November 6th 2023 - POGGIPOLINI, an international leader in the design and production of high-strength fasteners with customers such as Leonardo, The Boeing Company, Safran and Ferrari, is pleased to announce it has signed a definitive agreement to acquire Houston Precision Fasteners (“HPF”). Located in Houston, Texas, HPF is a leader in high strength, fatigue-rated, close tolerance fasteners and precision machined components and is trusted by top-tier US Aerospace & Defense companies, including SpaceX, Blue Origin, The Boeing Company, Lockheed Martin, Bombardier Aerospace, Axiom, Northrop Grumman, Bell and the world’s leading supply chain distributors.
This strategic acquisition aligns seamlessly with Poggipolini's vision of driving accelerated growth and innovation in the Aerospace market throughout the entire value chain, with emphasis on the Space and Defense sectors. Together, the combined expertise of both companies aims to revolutionize the sector, offering unparalleled value and thought-leadership to clients and stakeholders alike.
Houston Precision Fasteners, with its well-established presence in Houston, will bring invaluable industry knowledge, a rapidly expanding customer base, and a team of experienced professionals that embodies Poggipolini's spirit of excellence and innovation.
"We are thrilled to welcome Houston Precision Fasteners into the Poggipolini family," said Michele Poggipolini, CEO of Poggipolini. "This acquisition is the proof of our commitment to delivering world-class products and services. By integrating Houston Precision Fasteners’ expertise and cutting-edge solutions, we are poised to set new industry standards and champion innovation. The USA market is pivotal to our long-term strategic growth and collaborating with HPF is very exciting because the two organizations resonate with the same values and aspirations. This is a momentous leap for an SME from Italy. Rest assured the best is yet to come.”
Mark Hahn, CEO of Houston Precision Fasteners stated, "Joining forces with Poggipolini fills us with excitement for our team members and clients. From our inception, our ambition has been to craft products that not only meet but set industry benchmarks in quality and service. We see this very ethos mirrored in Poggipolini, and together, we are poised to accelerate our shared vision of innovation."
About Poggipolini
Established in 1950 by Callisto Poggipolini, located in San Lazzaro di Savena, Bologna, Italy, the legacy of Poggipolini has been carried forward through generations, from his son Stefano to the current leader, grandson, Michele. Poggipolini has spanned from the Formula 1 racetracks to Space, delivering exceptional fasteners, precision components, and innovative solutions crafted primarily in titanium and specialty steel alloys. Today, our focus lies mainly in the Aerospace, Defense, and Automotive sectors. Poggipolini now stands as a leading name in the high-tech fasteners' hot forging arena, only shadowed by colossal entities with turnovers in the billions. The pillars of our success rest on the innovation, agility, and swift delivery our teams employ. Currently, our global clientele comprises 70% from the Aerospace sector, 20% Automotive, and 10% Motorsports.
About Houston Precision Fasteners
Based in Houston, Texas, Houston Precision Fasteners stands as a pillar in the Aerospace fastener sector. We specialize in crafting high-strength, fatigue-rated, close-tolerance fasteners and machined parts from a diverse range of materials, including, nickel alloy, titanium, A-286, PH13-8Mo and multiphase super alloys. Our expertise extends to various fastener styles such as 12-point, spline, hex, pin rivets, dovetail recess, nuts, collars, and HPF and customer specials. At HPF, our commitment to excellence is evident in our unparalleled lead times, innovative custom solutions, and the superior quality and dedication to customer satisfaction.
