Print Page   |   Contact Us   |   Sign In   |   Join NFDA
Community Search
News & Press: Member News

Semblex Corporation Acquired by Jinhap Co., Ltd.

Tuesday, February 4, 2014   (0 Comments)
Share |
Semblex Corporation, a manufacturer of fasteners and cold-headed components for the automotive, commercial, and distribution markets, has announced that the company has been acquired by Jinhap Co., Ltd. of South Korea. Founded in 1968, Semblex has most recently been privately owned by the Daniel P. Haerther Charitable Trust following the passing of Mr. Haerther in 2007. The transaction closed on February 3, 2014.

Jinhap is a world class supplier of fasteners, cold formed and machined special products, and brake hose fittings to the global automotive industry. Founded in 1978, Jinhap is a 100% family owned company with annual revenues of approximately $425 million (US) and employment exceeding 1,200 people. The company has four manufacturing plants in South Korea and two plants in China (expanding to four in 2014). Like Semblex, Jinhap is a well-regarded licensee of various value-added fastener products such as Delta PT®, TAPTITE 2000®, the TORX PLUS® Drive System, and MAThread®. Additional information about Jinhap can be gained by visiting www.jinhap.com.

The sale of Semblex, mandated by U.S. tax regulations, follows a comprehensive effort by the Haerther Trust and company management to explore future ownership opportunities that would enable Semblex to continue its current business direction; specifically, supplying value-added products and services to its customers and providing stable, rewarding careers for its employees. This transition of ownership to Jinhap accomplishes those objectives and brings long term stability to the business. In this regard, there are no changes planned to the Semblex organization or to the company’s existing strong relationships with its bank, suppliers, product licensors, or other strategic alliance partners, including Agrati Group, a major European fastener company.

Semblex Corporation is, and will continue to be, an innovative, customer focused team that creates value through cold-formed product solutions for the world’s leading manufacturers. Semblex is TS 16949, ISO 9001, and ISO 14001 certified. Additional information on Semblex can be found at  www.semblex.com.


more Master Calendar

12/12/2017
2017 FTI Fastener Basics

3/1/2018 » 3/3/2018
2018 Fastener Fair Turkey

10842 Noel St. #107, Las Alamitos CA 90720
Phone: (877) 487-6332 or (714) 484-7858

Fax: (562) 684-0695
nfda@nfda-fastener.org

Membership Software Powered by YourMembership  ::  Legal