Scovill Fasteners Inc.

Scovill Fasteners Inc. is a manufacturer specializing in high-performance fasteners and attaching machines for diverse industries including apparel, medical, and industrial applications. Scovill Fasteners Inc. operates primarily in the field of fastener manufacturing, focusing on products utilized across various sectors.

The company was founded in 1802 in Clarkesville, US, and was acquired by Morito Co. in October 2014 for JPY 5 billion. The current CEO is Craig Stoudt, who leads the company post-acquisition. Scovill has been involved in a total of 4 deals since its inception, with the most recent deal concluding in 2014.

The company does not have known subsidiaries or previous notable pivots in business strategy. Morito Scovill Americas (MSA) specializes in high-performance fasteners and attaching machines that serve a variety of industries. Their product lineup includes Gripper® Snap Fasteners, known for safety and performance, Duramark® Buttons and Burrs for durability in denim, and DOT® Fasteners recognized for their heavy-duty construction. MSA caters to diverse clientele across 25 countries, addressing sectors such as athleticwear, electronics, footwear, military, and government.

Morito Scovill Americas operates on a business-to-business model, supplying fastening products to manufacturers and retailers. The company processes over 60 million pieces weekly, ensuring a stable revenue stream through direct sales and long-term contracts with major clients. Their diverse product range enhances transaction values, contributing to a robust financial performance. Scovill Fasteners aims to leverage recent funding from Morito Co.

to expand its product offerings and explore new markets. They are focused on the introduction of innovative fasteners designed for specific industrial applications. The company is also planning geographic expansion into emerging markets across Asia and Europe by 2025, seeking to enhance its global footprint and increase market share.