May 9, 2021

Professional Tool Reviews for Pros

Kyocera Acquires Senco: Moving Into Cutting Tools Division

Senco Hybrid Hose Profile

Senco Brands, an American manufacturer of fasteners and fastening tools since 1948, was recently acquired by Kyoto-based Kyocera Corporation for an undisclosed sum. Kyocera announced last week that it has acquired 100% ownership of the Cincinnati-based company. As a result of the acquisition, Senco will now operate as a part of the Kyocera Global Tool Cutting Division. Renamed Kyocera Senco Industrial Tools, Inc., the company continues to be headquartered in Cincinnati. They will retain their existing staff and management. Kyocera acquires Senco in a move that takes Senco out of private ownership.

Prior to the acquisition, Senco existed as one of Cincinnati’s larger private companies with an estimated revenue of over $166 million. They manufacture most of their products in their 500,000-square-foot manufacturing facility in Clermont County. Senco products have a market presence in more than 40 countries.

What Does Senco Have to Say About It?

“We expect this acquisition to strengthen our new product development capabilities, bolster our ability to provide innovative fastening solutions to a wider range of customers and enhance our global distribution network.”

-Ben Johansen, CEO of Senco Brands

Kyocera Acquires Senco

Kyocera’s Background

Kyocera began in the industrial tools market in the 1970s. After a successful run of high-speed metal processing tools, the company ventured into manufacturing precision tools for electronics, medical, automotive, aerospace, and woodworking applications. In 2011, Kyocera acquired the Unimerco Group in Europe and added a fastening tool product line. Kyocera believes that their existing fastening tool product line will operate synergistically with Senco’s expertise in that particular market. With the acquisition, Kyocera projects sales of fasteners and fastening tools to increase to $361 million by March of 2021.

Kyocera Acquires Senco: What’s Next?

Now that Kyocera acquires Senco into their fold, the future is cautiously optimistic. The fact that Kyocera is leaving Senco’s staff and management in place is a vote of confidence that the brand in on the right track. We’d agree since Senco nailers are some of our favorites. And while Senco doesn’t bring out new tools and fasteners at the same rate as companies like Milwaukee and Makita, their innovation does tend to be significant.

It looks like Kyocera simply sees this as a brand that’s in position to take off – something evident from their forecast of an increase to more than $360 million in sales over the next 5 years. Whether that’s due to an increase in marketing, manufacturing, current product development, or a combination remains to be seen. All things considered, though, this looks like a positive move for both Kyocera and Senco. Just don’t expect to communicate between your Kyocera phone and your nailer anytime soon.

Related Content

Related articles

How to Build a Small Pergola Swing

I remember making the 45-minute drive with my dad to go pick up a swing for mom some 20 years ago. It was a simple A-frame and had heart-shaped holes cut in the bench. It wouldn’t fit in the back of his pickup, so we had it ridiculously straddling the bed while I sat holding […]

Home Made Cordless Drill Corn Cob Cutter

Consider this another entry into our “you used that to do what?” section. This week we saw an article about 80-year-old Wilber Sanger, who lives in Pennsylvania and is a retired carpenter. Last week he had an epiphany while using a manual corn cob cutter. Typically, it is a manual process for a non-commercial user […]

Making Accurate Cuts with a Circular Saw

Making accurate cuts with a circular saw doesn’t have to be all that complicated. With a few tools most Pros already carry, you can make a perfect crosscut pretty quickly when you need to. Here are a couple of my favorite methods. Use a Rafter Square for Making Accurate Cuts with a Circular Saw To […]

Mulching Grass the Right Way for a Healthier Lawn

Here in central Florida, nearly everybody mulches grass clippings. With St. Augustine, Zoysia, and Bahiagrass dominating our landscapes, it simply grows so fast that bagging and side discharging are usually impractical. But for much of the country, mulching grass is an option rather than a necessity. To get the greatest benefits for your lawn, there’s […]

Notify of
Oldest Most Voted
Inline Feedbacks
View all comments
David S

“They will retain their existing staff and management.” Does that include those employed in the manufacturing process? Even if it does, I wonder how long it will be before Americans start losing their jobs?

Michael Richards

Ugh, there goes another American company 😫😔

Alex Ekelund

Interesting I’m reading this from one of their phones

Luis Soria

Very interesting move.

T.J. Haas

Holy smokes.

Would love your thoughts, please comment.x