Brighton-Best Reveals Growth Strategy
FEATURE
Courtesy Fastener + Fixing Magazine
Brighton-Best International is on a roll.
The Taiwan-owned company has made several high-profile acquisitions in recent years: NJ-based EZ Sockets in March 2015; Southern California-based Dave Grattan & Sons Inc. / Grattan Fastening Products in August 2014; and, most significantly, Porteous Fastener Co. in 2013.
Such deals have helped the company increase its revenue nearly tenfold to $400 million since 2008, when Brighton-Best Socket Screw was purchased by a consortium of investors lead by Robert Shieh of the $1.5 billion Ta Chen Group.
Following the takeover, Ta Chen invested hundreds of millions of dollars to modernize BBI, increasing warehouse space by 500%, expanded from 12,000 SKUs to over 60,000 SKUs, and building an online trading platform with existing distributors that now generate 75% of BBI’s sales, Ta Chen Group director Jun Xu told Fastener + Fixing Magazine.
“We have become the largest wholesale distributor of fasteners in the United States, and arguably the world, selling a wide range of commodity fasteners
from sockets to hex heads, nuts, washers, screws, anchors and threaded rods, in all different material grades and types,” Xu told Fastener + Fixing.
But BBI isn’t resting on its laurels.
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