FastenMaster buys Tiger Claw
Hidden deck fasteners may still be a small portion of the overall deck fastening market, but that’s changing…fast. Companies are beginning to jockey for position, and the purchasing game is now afoot, spurred on by recent news that FastenMaster has bought Tiger Claw, one of the original innovators in this category of products.
Below is the press release, including some quotes and background information on the sale, but my question is “Who’s next?”
Will more companies merge or offer buy-outs, or will we just see more and more fastener companies partnering up with specific brands of deck planks? Will Tiger Claw remain a brand name under the larger FastenMaster umbrella, alongside the LOK, CORTEX, and other lines?
We’ll keep an eye on it, and let you know.
AGAWAM, Mass., March 23, 2011 – OMG, Inc., a subsidiary of Handy & Harman Ltd, has acquired the business and assets of Tiger Claw, Inc. of Bristol, CT. OMG is a leading manufacturer and supplier of fasteners and building products. The announcement was made by Hubert McGovern, OMG’s President.
Tiger Claw will become a part of OMG’s FastenMaster division.
Founded in 2001, Tiger Claw has grown to become the market leading brand of concealed deck fastening clip systems. The Tiger Claw product line includes the TC3 clip for wood and non-grooved deck boards and the TCG clip for grooved deck boards. Many of these products are available under both the Tiger Claw and private label brand names. In addition, in 2008, Tiger Claw introduced the TC Gun, a pneumatic installation tool. The TC Gun has allowed deck builders to dramatically reduce deck fastener installation time.
Commenting on the acquisition, John Ashe, FastenMaster’s Vice President and General Manager stated: “We have great respect for Tiger Claw’s product quality, brand strength and position in the concealed deck fastening marketplace. We look forward to combining the unique strengths of the Tiger Claw brand with those of the FastenMaster brand to bring increased value to our market partners and our professional contractors.”
With the acquisition of Tiger Claw’s business and assets, FastenMaster, manufacturer of market-leading innovative products including the Cortex Concealed Fastening System, the TrapEase Composite Deck Screw and the LedgerLok ledger board fastener, will offer the most comprehensive deck fastening product line available in the marketplace.
FastenMaster®, a division of OMG Inc., is a brand of task specific, contractor quality fasteners that are engineered to enable a professional contractor to complete a project faster, easier and stronger.