June 29, 2018—Auveco, a purveyor of specialty fasteners and body hardware used in the automotive aftermarket, acquired Marli Manufacturing.
Marli is a provider of automotive aftermarket mechanical components, including engine head bolts, intake manifold bolts, oil drain plugs, oil drain gaskets and other specialty fasteners and fittings.
"The addition of Marli Manufacturing is a tremendous fit for our organization and will strengthen our ability to serve customers throughout North America," Auveco CEO Jeff Gilkinson said. "We are excited to expand our product portfolio into the automotive mechanical aftermarket while broadening the range of solutions we can offer our network of distribution partners."
Key strategic benefits of the acquisition include augmented product offerings and a deeper market footprint. In addition, the company plants to continue to invest in both technology and personnel. The combination of the companies’ resources allows for accelerated investment in new product development and support personnel, furthering the company’s leading position in breadth of offering and superior delivery times to our customers.
In addition, Auveco says it will support this expansion through improved tools like FasTrack Web cost recovery, an interactive online catalog and various in-print resources.
The company says it plans to pursue other organic and inorganic growth opportunities to enhance the value proposition to its customers through various product line expansions.