01 January 2011
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BAS Components plans strategic development for the new year

Pembroke based BAS Components will start the New Year under new ownership and with renewed enthusiasm for its strategic direction in the sheet metal and fastener sector. The company has been sold by its previous parent TT Electronics to PSM International for £4.4 million.

PSM International's European Managing Director Ian Atkinson explained: "This is a great acquisition for PSM since there is tremendous synergy between the two companies. The PSM and BAS product ranges of Anchor Rivet bush, PS Self Clinch and Flangeform along with the BAS in-die feed system technology allows both companies to offer a much broader range of sheet metal fixing solutions across a wide range of applications and market sectors. Both companies have a long experience working in sheet metal applications and both have the same application engineering ethos. I am really looking forward to working with BAS and developing our business together."

Lee Timbrell, Managing Director of BAS Components commented: "The acquisition by PSM International is seen as a hugely positive step in the strategic direction of BAS Components. BAS has been actively developing its' international and global customer base for some time and the strength and global footprint that PSM provides is the perfect complement in achieving this goal. TT electronics plc, the previous parent to BAS, invested significantly in the business during its tenure which has led to the success we see today. However the opportunity of becoming a core part of a large fastener focused organisation and developing further value and service for our customers is truly exciting for all involved."

BAS Components exhibited a range of high strength fasteners from the Flangeform and Blind threaded insert product lines as well as weld fasteners and general cold formed products at last October's FAST Exhibition at the National motorcycle museum. New owner PSM also exhibited at the FAST Show demonstrating the product synergy that it shares with BAS Components and painting an optimistic picture for the New Year.

Author
Paul Gay

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