Fabory

Fasteners B2B distributor

Business activity and description

FABORY, formerly known as Borstlap Masters in Fasteners (BMF), is a leading international B2B distributor of fastening products with more than 100 branches in 14 countries and 1,800 employees. The company’s product range comprises more than 55,000 mechanical fasteners in all shapes and sizes, a range of chemical fasteners (tapes, adhesives and sealants) and related hand and power tools.

Deal Information

• Deal size: Undisclosed
• Deal size at exit: € 345 mln
• Date of investment: December 2004
• Date of exit: October 2007
• Sold to: HgCapital

Investment rationale

During the time of the investment, AAC Capital Partners identified opportunities of growth by accelerating FABORY's strategy to establish itself as a leading European fasteners distributor. As part of this transformation, the company has been renamed FABORY after its successful store concept and introduced the FABORY brandname across all its products and services. New centres have been opened across Europe. In addition the company has established its sourcing activities in China and optimised its supply chain. During the life of our investment, the company grew with a sales CAGR of 7.9% and EBITDA CAGR of 11.5%. With an efficient organisation and the highly scalable and successful B2B retail concept, the company is now in perfect shape for further growth.