US-based apparel fastener manufacturer Scovill Fasteners has acquired Japanese rival Morito Co Ltd, with the two companies integrating their businesses to serve global customer markets.
In the US, Kane-M Inc, a Morito subsidiary, has joined Scovill Fasteners to become Morito Scovill Americas LLC, doing business as Scovill Fasteners. This merger, the company says, will expand Scovill Fasteners’ product line offering and availability.
In Asia, Morito and Scovill Fasteners are combining their efforts and strengths under the new name Morito Scovill Hong Kong Company Limited.
“We’re excited to progress to the next level of our relationship with Morito in the US and Asia,” says Craig Stoudt, CEO of Scovill Fasteners. “Combining our strengths has allowed us to focus more on our customers and vendor partners to enhance our dedication and service.”
The company told just-style the move will help solve some common frustrations faced by designers, buyers and production teams in the apparel industry, such as delayed sample turnarounds, limited regional touchpoints for design consultation, and expensive products with a quality that doesn’t match the price tag.
“With this integration, buyers/customers can have a one-stop-shop that provides all the quality products they need by the new extended product lines being offered, and also a quick turnaround ordering process with dedicated representatives.”
Scovill is one of the world’s largest manufacturers of high-performance buttons, zippers, snap fasteners, grommets and washers as well as attaching machine equipment and custom metal stamping. Morito, meanwhile, specialises in components for footwear and apparel.