Bulten strengthens its position in Asia and North America through the acquisition of PSM International
Bulten has today signed an agreement to acquire all shares in PSM International Holdings Limited (“PSM) (“the Acquisition”). The Acquisition strengthens Bulten’s position in the international fasteners market and provides a strong platform for continued growth globally. The purchase price amounts to USD 24.5 million (SEK 230 million) on cash-free and debt-free basis.PSM, founded in 1931, develops, manufactures and supplies fasteners to international markets, primarily in the automotive industry. The company has approximately 350 employees, production units in China, Taiwan and the United