Aussie nuts bolt in USA

Date: 25/01/2007
Publication: Daily Telegraph
Section: Finance
Page: 63

AN Australian firm that has turned nuts and bolts into hi-tech business is gearing up for rapid growth in the US, where customers include airlines and carmakers. Chicago-based TZ Ltd, which started life almost three years ago as an ''ideas'' group that intended to live off its royalties, now finds itself as a manufacturer after some astute acquisitions.

TZ yesterday re-acquired the exclusive rights to commercialise its intelligent fasteners with the acquisition of Intevia, a stand-alone business of US-based Acumen Global Technologies.