TFC Take Cavalier Approach

Article posted by Cavalier - January 29, 2009


TFC Europe Ltd, expert fastener and solution suppliers to industry and manufacturing, today announced the expansion of its logistics and fasteners capabilities with the acquisition of Wallsall based fastening solutions company, Cavalier Fasteners Ltd. The new group will have a combined workforce of more than 65 people and turnover in excess of £14 million.

The acquisition of Cavalier by TFC Europe Ltd enhances the East Sussex based company's logistical strengths whilst adding an enhanced product portfolio to its customer database.  Cavalier Fasteners was established in 1986 as a stainless fastener distributor who quickly built a reputation of supplying the right product on time and at a competitive price.  

Since its inception Cavalier Fasteners has broadened its range of products to include non-stainless steel fasteners, silicones, packers, alignment washers and spider bolts amongst an array of other items.  

“We see the acquisition of Cavalier as the perfect complement to the service and product range we have been supplying in the UK and Europe over the past 40 years,” said Martin Clarke, Managing Director of TFC Europe Ltd. “Cavalier will now have the increased financial muscle from being part of a bigger organisation within TFC Europe Ltd.”   

The deal was arranged by Blue Sky Corporate Finance who acted on behalf of TFC's new board during its own management buyout in 2007. It was funded by Clydesdale Bank who acted speedily and professionally. “Everybody involved with the Cavalier Fasteners deal worked incredibly hard to meet our deadlines to make sure this transaction happened.  The professionalism and help shown by all involved is a testament to everyone's commitment to make Cavalier and TFC a huge success,” Martin enthused.

With Cavalier on board, TFC Europe Ltd is increasing its logistic and distribution capabilities by providing a central distribution centre.  “In the past year, TFC Europe Ltd has worked hard to develop its logistical capabilities and has honed many of its services using improved management supply techniques.  We know that moving forward with Cavalier as part of our team we can now offer an unparalleled service to our customers.” Morgan Burgoyne, Commercial Director at TFC Europe Ltd, said.

Nick Brooker, Senior Partner at Clydesdale Bank in Tunbridge Wells added: "TFC is a company which has secured a niche in many industries and it is this diversity which offers it huge potential to grow and why we are looking forward to working with them."  The financial due diligence on the deal was undertaken by Horwath Clark Whitehill in Tunbridge Wells on behalf of Clydesdale Bank, TFC Europe Ltd and Foresight Venture Partners.


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