On 1 March 2022, Fabory signed an agreement to acquire Fastto Nederland BV from founder and owner Guido Voskamp.
Fastto is a recognised fastener specialist with a relevant product portfolio and strong customer advocacy. The Fabory-Fastto combination shows a strong strategic fit between two fastener specialists, so said the press statement, with deep fastener expertise in common, coupled with a differentiated service level and application know-how.
100% focused on fastener distribution, Fastto was founded in 2000, serving a diversified customer base, including several larger accounts in the machine building and appliances industry, as well as the construction sector.
“Fabory is impressed by the customer intimacy Fastto is known for,” said Fabory CEO Francisco Terol. “The team’s enthusiasm and customer focus is inspiring. It is easy to understand how Fastto has managed to build longstanding customer relationships. We are proud to welcome Fastto to Fabory.”
Guido Voskamp, owner and founder of Fastto, added: “I envisioned a fastener specialist like Fabory when I started Fastto, both companies are strongly rooted in the world of fasteners. This is an exciting next step in Fastto’s development. The combination will benefit from an extensive product range combined with relevant expertise and a differentiated service mentality to support customers in their needs for fastening solutions. We are convinced that joining forces will open up many new opportunities.”
Fabory Group was acquired by Dutch private equity group Torqx Capital Partners from Grainger in 2020.