Bulten acquires the fastener distributor company Exim

2023-11-21 News

At the end of August, Bulten completed the acquisition of Exim (Exim & Mfr Holdings Pte Ltd), a Singapore-based distributor of fasteners and other C parts*.

“This is an important milestone as we are now broadening our operations within the distribution chain, and thereby creating future opportunities for us to grow within new customer groups,” says Anders Nyström, President and CEO of Bulten.

Felix Lian, recently appointed as the new Managing Director of Exim, will lead and further develop the company, reporting directly to Anders Nyström.

“I am extremely excited and honored to take on this opportunity. To me, there are so many synergies and such a great opportunity for growth when we combine the strengths of Bulten and Exim. I genuinely look forward to building a strong and successful team,” says Felix Lian.

Felix Lian

He highlights Exim’s advanced competence in sourcing and customer service.

“For 41 years, Exim has relentlessly built its reputation as a reliable supplier to numerous international manufacturers in Asia. Exim’s successful distribution business rests on its sourcing competence, a high level of product quality and, most importantly, exceptional customer service. Now, under the Bulten umbrella, employees are thrilled about tapping into Bulten’s strengths and are motivated to move Exim to the next level.”

About Exim

  • Exim, established in 1982 and based in Singapore, distributes fasteners and other C parts*, along with related services from more than 1,800 manufacturers and suppliers for American, European, Indian, and Japanese companies operating in Asia.
  • The company has more than 1,000 customers in a range of sectors including telecom, electronics, energy, medical technology, aviation, and other industrial manufacturing.
  • Exim has approximately 140 employees in Singapore, India, Indonesia, Malaysia, Thailand, the Philippines, and Vietnam, and annual sales in 2022 of about SGD 40 million (SEK 320m).
  • Read more on Exim’s website

Pictured in main image, from left: Eric Low, Legal Advisor to Vendor, S.K. Ng., former Owner and Managing Director Exim, Anders Nyström, President and CEO Bulten, Ong Hong Him, Business Advisor to Vendor, Anna Åkerblad, CFO & IT, Bulten and Mark Phillips, M&A Advisor to Vendor

*Components with a low unit price that manufacturing companies stock in large quantities.