AFC Industries acquires U.K. based TFC Ltd

PRESS RELEASE

July 1, 2022

AFC Industries has acquired Heathfield, U.K. based TFC Ltd. (https://tfc.eu.com/) Terms of the deal were not disclosed. For over 60 years, TFC has been one of Europe’s leading suppliers of industrial fastening products and services supplying customers via a network of UK and European locations. TFC offers customized VMI, product solutions, and engineering & design consultation for a wide range of industrial markets. TFC will continue to be led by Morgan Burgoyne and the current TFC management team as the AFC European business unit.

AFC CEO Kevin Godin said, “we have been looking for some time to be able to better support customers

in Europe, but it was crucial to find the right team who shared AFC values and bias for execution. We

recognized in TFC a similar commitment to customer service, team culture, and execution that have

been central to AFC’s success. We are excited to have Morgan and his team join the AFC family and

supporting them in their continued growth.”

TFC CEO Morgan Burgoyne added, “AFC was a natural fit for us. With a shared vision and AFC’s support,

TFC will be well positioned to further strengthen its support of existing customers and expand into new

regions and markets.”

Headquartered in Fairfield OH, AFC Industries is a dynamic organization dedicated to providing supply chain management solutions for fasteners, tooling, and assembly components to original equipment manufacturers, assembly plants, and other users of these products. Their supply solutions include Vendor Managed Inventory, Stock and Release programs, Light Assembly, Kitting, and Private Labeling services amongst others. AFC supports a diverse base of manufacturers across a broad range of industries. Their experienced team has a proven track record of helping manufacturers and assemblers reduce cost, improve quality, and increase efficiency. (www.afcind.com)

In April 2021 AFC Industries was acquired by Bertram Capital, based in Foster City CA. (www.bertramcapital.com)

For additional questions please contact sales@afcind.com

RELATED CONTENT:

AFC Industries Has Acquired Oregon Bolt, Inc. (OBI)

AFC Industries Has Acquired Askew Industrial Corporation

Acquisitions, Fasteners