Rosemont, Ill. — MW Industries Inc., a Rosemont-based manufacturer of engineered springs, specialty fasteners, machined parts and other metal components, has purchased Tri-Star Industries Inc., which makes threaded inserts for plastics.
The deal was announced July 13. Terms were not disclosed.
MW Industries, or MWI, claims to be the largest and most diversified U.S. specialty spring and fastener manufacturer.
Tri-Star, in Berlin, Conn., was founded in 1991. Tri-Star makes a full line of standard and custom threaded inserts and compression limiters in brass, steel, aluminum and stainless steel, for plastics. The company also turns out high-volume screw-machine products and precision turned components.
MWI has made a series of acquisitions in recent years — USA Fastener Group Inc., Servometer and BellowsTech, Helical Products Co. Inc., Maudlin & Son Manufacturing, High-Performance Fastening Systems, Futuristics Components and Mohawk Spring.
And it looks like the deal-making will continue. In a news release announcing the Tri-Star acquisition, MWI said it is "currently evaluating a strong pipeline of possible transactions."