Senco Brands Appoints New Chief Executive Officer

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CINCINNATI--(BUSINESS WIRE)--

Senco Brands, Inc., a leading manufacturer and distributor of fasteners and fastening tools to the high-end professional construction and industrial markets, announced today the appointment of Ben Johansen to the position of Chief Executive Officer.

Johansen brings with him nearly thirty years of broad-based, executive-level experience, spanning multiple industrial businesses and distribution channels. This experience provides extensive global brand leadership and product design, development, and management expertise.

Prior to joining Senco Brands, Johansen spent the past four years as President of the Global Do-It-Yourself business of Actuant Corporation, a $1.7 billion diversified industrial company, where he was responsible for North American and European operations. Prior to that, he spent more than 15 years with the Newell Rubbermaid organization where he led two businesses as President, and held Vice President of Marketing roles within both the housewares and hardware segments. He began his career with the Black & Decker Corporation in 1981, and progressed through a series of sales and marketing roles before joining Newell in 1990.

“I’m thrilled to join the team at Senco Brands, Inc., a company steeped in a long tradition of serving its customers with the highest quality fastening solutions, supported by constant innovation and new product development,” stated Johansen. “The recent announcement of our game-changing product, Fusion, exemplifies that commitment, and I look forward to continuing the tradition.”

“We are very pleased that Ben joined the Senco organization,” adds Steve Welborn, Managing Director of Wynnchurch Capital. “Ben brings an extensive knowledge of sales, marketing and operational leadership to Senco. He has been successful at driving global growth initiatives, leading operational turnarounds and building outstanding organizations.”

Frank Hayes, Partner, Wynnchurch Capital, adds, “We are excited about the tremendous growth opportunities at Senco, both domestic and international, as the economy and housing markets rebound. Ben is uniquely qualified to take advantage of such growth opportunities, and we are very pleased to have him leading this great company. We are supportive of this appointment, and look forward to his continued success.”

Originally from Northern California, Johansen is a graduate of California State University, East Bay. He holds a B.A. in Business Administration, with emphasis in Marketing and Industrial Relations.

About Senco Brands, Inc.:

For nearly 60 years, the Senco brand has been recognized around the world as one of the leading names in wood to wood construction. With tools, fasteners and accessories for use in a variety of professional fastening segments – home construction/remodeling, furniture, manufactured housing, pallets/crating – Senco products are available through professional distribution outlets in more than 40 countries. Available since 2006, the TyRex brand features tools and collated fasteners for use in concrete and steel fastening applications found in the construction of high-rise structures, hospitals, schools, roads and bridges.

About Wynnchurch Capital:

Located in the Chicago suburb of Rosemont, IL, and founded in 1999, Wynnchurch Capital is a leading middle-market private equity investment firm that provides capital and management tools to improve the operations of acquired companies. Wynnchurch’s strategy is to partner with outstanding management teams to acquire middle-market companies in the U.S. and Canada that possess the potential for substantial growth in profit through performance improvement. Wynnchurch Capital manages a number of private-equity funds with capital under management in excess of $500 million, specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital investments. For more information, please go to: www.wynnchurch.com

Senco Brands, Inc.
William Roberts, 513-688-3060


 
 
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