PennEngineering Acquires Heyco Products
Heyco’s leadership and management team will continue unchanged.
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PennEngineering (Danboro, Pennsylvania) has successfully completed the acquisition of Heyco Products Inc. (Toms River, New Jersey). Terms were undisclosed and no changes are anticipated regarding Heyco’s operations, facilities, and employees.
Heyco will continue to operate as a separate company under the PennEngineering corporate umbrella as the foundation of the new Engineered Plastics platform. The Heyco brand will remain unaffected. Bill Jemison, president of Heyco, will continue to lead the company with the existing Heyco management team.
The acquisition is expected to expand opportunities for both companies. With strong global presence and existing customer and sales channel relationships, PennEngineering is positioned to accelerate Heyco’s growth in Europe and Asia. The combined product offerings and global sales and operating platform will provide current and new end-users worldwide with the leading offering of metal and plastic component assembly solutions.
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