Agreement expected to expand sales growth opportunities

Heyco Products will continue to operate as a separate company under the PennEngineering corporate umbrella. The highly regarded Heyco brand will remain unaffected. Bill Jemison, President of Heyco, will continue to lead the company with the existing Heyco management team.

“PennEngineering and Heyco share a common culture of solid brand recognition and quality engineered products, with a strong R&D and customer service focus,” Mark Petty, CEO of PennEngineering commented.

“This will allow for a seamless transition. The acquisition will diversify the PennEngineering product portfolio by expanding into engineered plastic fasteners, components and wire protection products.” Petty added that additionally, Heyco will benefit from the wide range of resources that PennEngineering can provide. 

Founded in 1926, Heyco Products 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 also brings with it a modern, globally certified, U.S.- based manufacturing facility with vast expertise in injection molding, progressive stamping, over molding, and assembly processes and techniques.

Founded in 1942, PennEngineering is a global leader in the development and manufacture of precision fasteners, components and installation systems, specialising in thin sheet attachment solutions.

The company operates fastener manufacturing facilities and key sales offices in North America, Europe, and Asia and is supported by a worldwide network of authorised engineering representatives and distributors.