KYOCERA Corporation Acquires SouthernCarlson, Inc.

Kyocera Corporation (President: Hideo Tanimoto) announced that it has concluded an agreement to acquire 100% ownership of SouthernCarlson, Inc. (CEO: Kenneth D. Sweder), a U.S. distributor of tools, fasteners, packaging and facility supplies, headquartered in Omaha, Nebraska. Under the agreement, SouthernCarlson will operate as a U.S.-based subsidiary of Kyocera Corporation.

SouthernCarlson serves a broad array of end markets from over 150 branches across North America. It is a leading distributor of the most recognized and highest-quality brands of construction fasteners, tools, packaging, facility supplies and tool repair services.

Acquisition Background

Kyocera entered the industrial tools market in the 1970s with a line of high-speed metal processing tools, and has steadily expanded into precision tools for automotive, aerospace, energy, medical and woodworking applications. With the acquisition of SouthernCarlson, Kyocera will serve a wider range of customers across the North American residential, manufacturing and industrial professional tool and fastener markets.

Overview of SouthernCarlson, Inc.

Company Name: SouthernCarlson, Inc.

CEO: Kenneth D. Sweder

Established: 1947

Global Headquarters: Omaha, Nebraska, U.S.A.

Main Business: Distribution of fastening tools, fasteners, packaging and facility supplies

Associates: Approximately 1,100 (as of March 31, 2019)

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Source: Kyocera Corporation