About 40 years ago, Arrowhead Industries (Arrowhead) and the BFC Group (BFC) were started by relatives in two different continents. Founded in the USA, Arrowhead developed into the market leader in the North American region and, on the other side of the Atlantic, BFC formed itself from Europe into a globally active company with several locations.
Now what belongs together is growing together! We are extremely pleased to announce today that as of March 17, 2023, Arrowhead has joined the BFC family. United as “one family”, we will become the global market leader in metallic clamping profiles.
BFC’s CEO, Ali Yildirim, commented on the deal: “We have been looking to grow in North America for many years, and we are thrilled to have accomplished that, plus so much more, with this acquisition.” Alec Scovil, Arrowhead’s previous CEO, stated: “We believe that this merger will increase our ability to drive value for customers by offering economies of scale, global sourcing options, and most importantly driving innovation through technological advancements stemming from two of the most respected engineering teams in the market.”
The recent past has been marked by numerous challenges. Corona, chip crisis, general supply chain issues, price inflation and, last but not least, a difficult geopolitical situation with intercontinental tensions. By joining forces, BFC and Arrowhead will be an even better partner for our customers to continue to successfully meet future challenges together. As a customer, you can rely on us as a true partner, advisor and problem solver with a high level of innovation and development know-how. Together, we are even stronger than alone, which will especially benefit you as our customers and business partners.
Neal Sheehan, former President and CFO of Arrowhead, will take on the role of President and Managing Director of Arrowhead NAFTA, responsible for Arrowhead’s two locations in Cleveland and Aguascalientes. Alec Scovil, former CEO of Arrowhead, will continue to support the integration process of BFC and Arrowhead in an advisory capacity for some time. José Gutierrez, President and Managing Director BFC NAFTA, will continue to serve as your contact person for both BFC sites in Chester and Celaya.
We greatly appreciate the loyalty and partnership you have shown over the many years of working with Arrowhead and BFC. We are very pleased to have taken this step and would like to continue to positively shape the future together with our business partners. As such, we look forward to our continued partnership and growth together.
Attn.: Neal Sheehan
4545 Johnston Parkway
Cleveland OH, 44128
P: +1 216 510 8115
BFCC US Inc.
Attn.: José Gutierrez
742 J.A. Cochran By-Pass
Chester SC, 29706,
P: +1 803 385 6111-228