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Tuesday, November 5, 2024

MEIDOH acquires Pilgrim Aerospace Fasteners with plans to grow operations in Chandler, Arizona

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City of Chandler | City of Chandler website

City of Chandler | City of Chandler website

MEIDOH Co., Ltd., a global leader in automotive fasteners, has announced its acquisition of Pilgrim Aerospace Fasteners, a prominent manufacturer of screws, bolts, rivets, and other fasteners for the aerospace market. Pilgrim, known for its high-quality products and strong presence in the aerospace industry, will now be under the ownership of MEIDOH, allowing the company to diversify its business and expand its global reach.

Yasutaka Hasegawa, the President & CEO of MEIDOH, expressed his excitement about the acquisition, stating, "Pilgrim is a trusted supplier to the aerospace industry. This acquisition will allow us to further our mission of being the world's number one fastener manufacturer." The acquisition is seen as a strategic move for MEIDOH to strengthen its position in the aerospace market and broaden its product offerings.

Geoff Grove, President of Pilgrim Aerospace Fasteners, believes that MEIDOH is the right partner for Pilgrim's growth and success. Grove stated, "MEDIOH is a recognized leader in our industry, and we felt they were the right partner, at the right time. With MEDIOH's resources, Pilgrim will reach a new level of growth and success."

Pilgrim Aerospace Fasteners, which has manufacturing operations in Chandler, Arizona, will continue to be led by its existing leadership team. Chandler Mayor Kevin Hartke welcomed the acquisition, highlighting the city's support for manufacturers and expressing his enthusiasm for Pilgrim's continued growth in Chandler. Mayor Hartke stated, "Chandler is a thriving hub for manufacturers of all types and sizes. Pilgrim has long been a key supplier within our regional economy, and we look forward to their continued growth in Chandler."

The acquisition of Pilgrim Aerospace Fasteners by MEIDOH is expected to bring positive economic benefits to the Chandler community. Pilgrim, recently recognized as the Arizona Small Manufacturer of the Year, is an important contributor to the regional economy. David Garafano, Senior Vice President of Manufacturing Programs and Executive Director of AZ MEP, expressed his excitement about the growth of Pilgrim and the partnership with MEIDOH, stating, "We welcome MEIDOH to Arizona and look forward to the continued success of the company."

MEIDOH Co., Ltd., with manufacturing plants in Japan, China, Indonesia, Thailand, and the United States, is a third-generation company owned by the Hasegawa family. The company is known for its expertise in producing bolts and is the premier supplier of bolts to Toyota. MEIDOH's acquisition of Pilgrim Aerospace Fasteners marks a significant milestone in its expansion strategy and commitment to becoming a global leader in the fastener manufacturing industry.

With this acquisition, MEIDOH aims to leverage Pilgrim's expertise and reputation in the aerospace market to further strengthen its position and expand its operations in Chandler, Arizona. The city, known for its thriving business community and favorable location, provides an ideal environment for MEIDOH's growth plans.

The acquisition of Pilgrim Aerospace Fasteners by MEIDOH Co., Ltd. reflects the company's commitment to innovation, growth, and diversification. MEIDOH's acquisition of Pilgrim is expected to not only benefit both companies but also contribute to the economic development of Chandler, Arizona, and the aerospace industry as a whole.

For more information about MEIDOH Co., Ltd., please visit their official website.

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