Acquisition Will Enhance Senco’s Global Distribution

by Kacey Larsen

SENCO Brands announces it has been acquired by Kyocera Corp., and will now operate as part of Kyocera’s Global Cutting Tool Division. Senco’s global headquarters will continue to be based in Cincinnati, Ohio, and staff and management will remain in place and lead the integration transition to new ownership. The company will continue to provide its line of pneumatic and cordless nailers, staplers, screwdrivers and fasteners through its professional distribution network in over 40 countries.

Kyocera Corp. is a multinational ceramics, electronics and industrial cutting tool manufacturer headquartered in Kyoto, Japan. SENCO will report to Ken Ishii, director and senior managing executive officer, general manager of Corporate Cutting Tool Group.

“This is an exciting opportunity for our associates, customers and suppliers,” says Ben Johansen, CEO of SENCO. “Kyocera has been expanding and investing globally within its Cutting Tool Division. We expect this acquisition to strengthen our new product development capabilities, bolster our ability to provide innovative fastening solutions to a wider range of customers and enhance our global distribution network.”

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