1983 FIN – Bossard Acquires Metric American of South Carolina
April 20, 1983 FIN – Bossard International Inc., Brookfield Center, Conn., a master distributor of metric fasteners in the United States, has acquired Metric American Fasteners Inc., of Greenville, South Carolina, a distributor of metric fasteners in the southeast.
Under the terms of the acquisition, Metric American will become Bossard International’s Southeast Service Center. The entire staff of Metric American will remain serving the southeast metric market.
The announcement was made jointly by John Sutherland, Bossard International president, and Jerry Hancock, president of Metric American.
Hancock will become vice president and general manager of Bossard International’s Southeast Service Center.
Bossard International, Inc. is a wholly owned subsidiary of Bossard Fasteners Ltd. of Switzerland, one of Europe’s leading metric fastener distributors.
The Bossard Group, which dates back to 1831 when it was in the silk business, is family-owned. Besides fasteners, Bossard is involved with such other products as cutting tools, construction steel, reinforcing mesh, tubes, do-it-yourself garden and home items and measuring equipment.
The U.S. group was established last year when Bossard acquired the U.S. fastener distribution operations of Swedish-owned Bulten-Kenthal. On August 27, 1982, Bossard International officially announced its entrance into the American metric fastener market with a network made up of 17 manufacturers’ reps nationwide. ©1983/2012 Fastener Industry News
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