Japanese Conglomerate Buys Senco
(Aug. 9, 2017) Senco Brands, Cincinnati, Oh., has been acquired by Kyocera Corp., Kyoto, Japan, and will now operate as part of Kyocera’s Global Cutting Tool Division.
Senco will continue to provide the powered fastening categories most comprehensive line of pneumatic and cordless nailers, staplers, screwdrivers, and fasteners through its professional distribution network in over 40 countries. Its global headquarters will continue to be based in Cincinnati, with existing staff and management remaining in place and leading the integration transition to new ownership.
Formed in 1948, Senco is a pioneer in pneumatic tools and collated fasteners, employing nearly 600 associates worldwide and maintaining operations in more than 15 global locations.
Kyocera is a multinational ceramics, electronics and industrial cutting tool manufacturer, consisting of more than 200 companies with over 70,000 employees.