“We may be at opposite sides of the world and be of different cultures, but both companies share very similar beliefs and goals. The four years that we’ve been a part of the Morito Group have been very prosperous because of this. We look forward to continuing our growth with them in the many years to come,” Stoudt said.
With a history of more than 200 years, U.S.-based Scovill Fasteners, located in Georgia, has earned a reputation as one of the world’s largest manufacturers of high-performing apparel and light industrial fasteners.
With teams located across the Americas, Asia-Pacific and Europe, the company is known for customer partnership, service and expertise from fastener design and delivery to application.
Acquired by Japanese-owned Morito Co., Ltd. in 2014, Scovill Fasteners is well positioned to serve a wider range of customers, many of them in the fashion apparel, industrial fabrics and medical industries.
“Together, we are a more diverse and efficient supplier for our customers. We bring value to both ends of the spectrum in an integrated state, as opposed to being separate entities,” Scovill Fasteners CEO Craig Stoudt said.
With its strong foothold in the U.S. market, Scovill Fasteners is an important component for the Morito Group’s global growth. Its new business structure, which aligns to both American and Japanese cultures, allows the two companies to focus on a long-term product strategy.
