TFC Acquires Forward Industrial

TFC Ltd, a leading provider of vendor managed inventory solutions and technical engineering products in Europe, has acquired Forward Industrial Products Group Ltd, a major player in the fastener industry based in Birmingham.

Forward began trading in 1997 as a Midlands-based distributor and has since grown into a global distributor of fasteners. They combine service solutions across inventory management, direct line feed, scheduled deliveries, MRO solutions and integrated managed stores.  Forward offer a rapid part replacements service along with sample production runs. The company work mainly with the automotive, aerospace, rail, power generation, infrastructure, defence, and oil and gas industries.

The acquisition is part of TFC’s strategy to further grow its business in the UK and Europe and improve geographical coverage.

“Forward Industrial has the same customer dedication as we do at TFC, along with a clear commitment to providing quality products and high levels of customer service,” said Morgan Burgoyne, President of TFC. “With Forward, we recognised a chance to bring on board a highly reputable business and skilled team known throughout the industry,” he added.

“We’re really pleased to be part of the growing TFC group. The partnership is a perfect fit for Forward Industrial," said Martyn Cleaver, Managing Director of Forward. "It opens up new opportunities within our existing customer network and enables us to share our 27 years of industry expertise with TFC's customers."

The company will continue to be run by its current management team led by Martyn Cleaver, MD and operate out of its existing premises in Tyseley, Birmingham.