Saturn Fasteners Inc. in Burbank has been acquired by Acument Global Technologies as part of that company’s growth in supplying aerospace customers. Terms of the deal between Saturn and Acument, based in Troy, Mich., were not disclosed. Saturn employs more than 100 workers and provides threaded fasteners to distributors, original equipment manufacturers and their suppliers. “[The acquisition of] Saturn demonstrates our commitment to the aerospace industry and establishes a solid foundation for addressing the shortage of specialty threaded fasteners created by the dramatic ramp-up in global aircraft production,” said Martin Schnurr, vice president and general manager of Acument North America.
