fbpx
June 13, 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 Cut Copper Pipe | 4 Time-tested Methods

We’ve been asked more than once how to cut copper pipe. From the easiest way to the way you want to do it if you have lots of copper piping to cut, methods vary. In the end, plumbers need to factor in budget, convenience, and the ergonomics of the job. How to Cut Copper Pipe […]

Differences Between CPVC, Copper, and PEX Tubing

Plumbers have favorites and go-to’s when installing new plumbing or performing repairs. Piping options include PVC, CPVC, copper, and PEX tubing. Knowing a little about each helps you understand the difference between CPVC and PEX tubing or copper. On top of that, the debate between CPVC vs copper vs PEX rages on for reasons from price to ease of […]

Monkey Rung Ladder Accessories for Painting

Monkey Rung Ladder Tools and Roller Ready Cleaners are Made By Contractors, For Contractors If you spend any time at the top of a ladder, you’d do yourself a favor by looking into a safe and helpful solution for working with paint and tools at height. Monkey Rung Ladder Accessories are designed by tradesmen who […]

Do Stud Finders Work? We Test on Drywall and Concrete Block

Aside from the joke about stud finders always pointing back at me, the question remains: Do stud finders work? Actually, yes they do…sort of. Here’s the thing—even the best stud finders require knowing how they operate. The key involves getting one that does what you specifically need it to do. Surveying Reputable Stud Finder Brands You […]

Subscribe
Notify of
guest
6 Comments
Newest
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.

6
0
Would love your thoughts, please comment.x
()
x