M&A Deal Summary

AFC Industries Acquires Globe International

On March 26, 2024, AFC Industries acquired distribution company Globe International

Acquisition Highlights
  • This is AFC Industries’ 7th transaction in the Distribution sector.
  • This is AFC Industries’ 8th transaction in the United States.
  • This is AFC Industries’ 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2024-03-26
Target Globe International
Sector Distribution
Buyer(s) AFC Industries
Deal Type Add-on Acquisition
Advisor(s) XLCS Partners (Financial)

Target

Globe International

Philadelphia, Pennsylvania, United States
Globe International is a provider of OEM fasteners, garage door hardware, and galvanized aircraft cable. Globe International was founded in 1950 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

AFC Industries

College Point, New York, United States

Category Company
Founded 1987
Sector Manufacturing
DESCRIPTION

AFC Industries is a provider of supply chain management services and vendor-managed inventory programs to original equipment manufacturers. The company specializes in fasteners and other essential assembly components. It also provides a wide array of value-added services, including kitting, packaging, assembly, and other customization specific to their customers’ needs. AFC Industries was formed in 1987 and is based in College Point, New York.


DEAL STATS #
Overall 9 of 9
Sector: Distribution M&A 7 of 7
Type: Add-on Acquisition M&A Deals 9 of 9
State: Pennsylvania M&A 3 of 3
Country: United States M&A 8 of 8
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-31 CIF

West Chicago, United States

CIF is a distributor of specialty and standard fasteners throughout North America. The company serves OEMs, hardware providers, and material fabricators across a diverse range of industries including heavy truck, wind and solar generation, defense, and automotive. Products supplied span from multi-processed blueprint custom parts to high-volume common fasteners. CIF was formed in 2003 and is based in West Chicago, Illinois.

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