1990 FIN – Aero & Continental Buy Superior Locknut Assets
December 3, 1990 FIN – Aero Stop Nut and Continental Fasteners, Harrison, New Jersey, have a new sister company.
LRG Corp., the parent company of Aero and Continental, has acquired the assets of Superior Locknut Corp., Elk Grove Village, Illinois. The assets include the inventory, trade name, and customer lists.
Superior’s parent company, The Deerpath Group, which also owns Arcon Fasteners, closed the locknut operation earlier this year.
According to Martin S. Schneider, vice president and general manager, with the acquisition of Superior, LRG Corp. now claims to have the largest across the board inventory in the U.S. of nylon insert and all metal locknuts.
Schneider told FIN the LRG corporate umbrella will provide an electronically connected network of three major stocking warehouses in New Jersey, Illinois, and California.
Continental Fasteners is a distributor of the Tork Lok lines of royal purple insert stop nuts, fully traceable according to the requirements of H.R. 3000, says Schneider. Aero supplies a full range of white insert stop nuts used in applications where a generic nylon inset locknut is required. In addition, he says, all three companies stock a full line of all metal locknuts; keps type, hex nut and external tooth lock washers assembly nuts; TL reversible locknuts; SL serrated flange nuts; and CLC Stover type top locknuts, automation style Grade C
The group is also represented by Pacific Warehouse Sales, headed by Bob Lehman and Debbie Lehman. ©1990/2015 Fastener Industry News.
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