Bulten establishes in USA and forms a joint venture with Ramco for fastener solutions for the North American market
Bulten AB (publ) (Bulten), one of the largest suppliers of fasteners to the international automotive industry, and North American fastener supplier Ramco Specialties Inc. (Ramco) announced today that they have signed an agreement to form a joint venture, owned equally (50/50), for distributing fasteners to the North American automotive industry. At the same time, Bulten also sets up a subsidiary for producing externally threaded fasteners for the same market. The operations of both entities are scheduled to start in 2017. The formation of the joint venture and subsidiary will establish Bulten’