PSM International Holding Ltd. recently completed the purchase of BAS Components Ltd., the maker of proprietary Flangeform fasteners, which are used in the automotive, electronics and other industries served by plastic companies.
PSM, a U.K.-based company known for its brass inserts used in injection molding, said in a news release that it had acquired BAS from TT Electronics plc of Weybridge, England.
BAS has a manufacturing facility in Pembroke, on the western tip of the United Kingdom, as well as a European technical center in Sevenoaks, England.
The acquisition of BAS Components provides a superb complementary product line to the current range of PSM's sheet metal fastener products, Nick Price, general manager of PSM's North American operations, said in a statement.
PSM is moving the BAS sales and operations from Youngstown, Ohio, to PSM's plant in Newberry, S.C. The BAS facility in Youngstown is being converted to a combined North American technical center for both firms.
The companies have a long history of working with automotive customers, and according to Price, the Ohio relocation of the tech center moves the company closer to its Tier 1 automotive customers.
BAS Managing Director Lee Timbrell said the acquisition is a positive step strategically for his company. BAS also makes non-proprietary weld nuts and other cold-formed components. It designs and manufactures specialized automotive feeding systems to integrate press lines and robotic cells.
The PSM Sonic-Lok insert, said PSM distribution sales manager Christopher Doll, is the most commonly used brass insert design.