# Shimtech Industries acquires Fastener Technology Corp.

Shimtech Industries has acquired Fastener Technology Corp. (FTC), a North Hollywood-based supplier of high-strength specialty fasteners for aerospace applications. FTC serves over 400 customers including Lockheed Martin and Boeing.

- Type: Acquisition
- Announced: 2019-12-16
- Where: North Hollywood, California, United States
- Status: completed
- Products: high-strength specialty fasteners
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Shimtech Industries](https://endata.com/companies/22779.md) (acquirer)
- [Fastener Technology Corp.](https://endata.com/companies/43978.md) (target)

## Sources

- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/21106662/shimtech-industries-acquires-fastener-technology-corp), 2019-12-17: "FTC is well-placed to capitalize on the significant growth opportunities that lie ahead."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.