Auveco, a leader in the specialty automotive fastener and body hardware aftermarket has acquired W&E sales Company, a provider of automotive fasteners and specialty hand tools to the automotive aftermarket on 27th June, 2019.
Auveco CEO Jeff Gilkinson said, “For years, the W&E brand and company have been synonumous with exceptional quality and service. The combination of these businesses has strong strategic fit and provides immediate benefits to customers of both Auveco and W&E. We are thrilled to expand our product portfolio while continuing to strengthen the breadth of solutions we can offer our growing network of distribution partners.”
Richard Carr, CEO of W&E, said, “Auveco’s market leadership is underpinned by their extensive product portfolio and rapidly expanding array of new products. This partnership opens new opportunities to serve our channel partners while allowing W&E to stay true to its world class product quality and customer service.”
The acquisition has brought in a number of benefits for both the companies such as broader product selection and accelerated new product innovation allowing distributors to meet the ever-changing needs of their end users. It will be offering robust online tools, technical support, and industry leading customer service to current and future channel partners. The acquisition will also lead to further growth and expansion.