Wynnchurch Capital sells Senco to Kyocera

ROSEMONT - Private equity firm Wynnchurch Capital sold Senco Holdings Inc.to Kyocera Corp., a supplier of cutting tools, industrial ceramics, electronic components, printers, copiers, solar power generating systems, mobile phones and semiconductor packages.

Terms of the sale were not announced.

Headquartered in Cincinnati, Ohio, Senco is a designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws. For over 60 years, the Senco brand has been recognized globally as one of the leading names in residential construction and industrial manufacturing. Wynnchurch acquired Senco in July of 2009.

"Senco represented an opportunity to rejuvenate a company with a strong brand, broad distribution, and differentiated products," said Frank Hayes, co-managing partner at Wynnchurch. "We are very proud and appreciative of the team's leadership and accomplishments; significant value creation was driven through improved operational and go-to-market strategies, while also executing on key strategic add-ons."

Lincoln International LLC acted as the exclusive financial advisor and Vedder Price acted as legal advisor to Senco and Wynnchurch in the sale process.