Global Fastener News

Lindstrom LLC has acquired Stelfast Inc. Terms of the transaction were not disclosed.

Both companies are prominent importers and master distributors.

Lindstrom has been owned by Harbour Group Industries, a St. Louis, MO-based equity investment company, since 2011. Harbour Group CEO Jeff Fox said Stelfast’s executive team will remain with the business.

Industry sources speculate that Harbour Group is building up Lindstrom to sell the company.

Lindstrom CEO Neil Yeargin said they “look forward to partnering with Stelfast to build lasting value for our customers. It is evident both companies share core values in serving our customers with our expansive distribution, secondary processing and packaging services”

The acquisition expands both Lindstrom’s “physical footprint and product offering” and “enhances our service levels an ability to meet all of our customers’ needs,” Yeargin said.

Simmi Sakhuja, president and second-generation owner of Stelfast, termed the Lindstrom “team and culture are a great fit with Stelfast.”

“These two companies are uniquely suited to serve our customers with an enhanced service capability and we are eager to demonstrate this to the market,” Simmi said.

Fox noted Stelfast “focuses on service and flexibility to meet the needs of its distributor customers, by offering a broad product line with great customer service.”

“As we have gotten to know the team, it has become clear that Stelfast’s customer-first mentality is deeply ingrained in the organization,” Fox said.

Lindstrom’s founder, Virg Lindstrom, had returned from retirement to run the company.

Lindstrom was founded in 1983 as Lindstrom Metric Inc. Lindstrom is a master distributor of specialty fasteners and sells exclusively to distributors. Lindstrom is the exclusive master distributor of Bossard Group products in the U.S.

Lindstrom has branches Illinois, South Carolina, Texas, New York and Toronto and is headquartered at 2950 100th Crt. NE, Blaine, MN 55449. Tel: 763 780-4200 Web: lindfastgrp.com

Stelfast was founded in 1972 as Eses Limited by Surinder Sakhuja as a manufacturer of industrial gears and screw machine products. The company became Stelfast in 1976. Today Stelfast is an importer and master distributor of fasteners from Asia, Europe and South America.  Stelfast has 12,000 customers across North America.

Simmi has been a frequent speaker at multiple fastener association events.  

Stelfast has 10 distribution branches in Chicago, New Jersey, Atlanta, Dallas, Houston, Los Angeles, Toronto, Montreal and Seattle and is headquartered at 22979 Stelfast Pkwy., Strongsville, OH 44149. Web: Stelfast.com

Founded in 1976, Harbour Group is privately owned investor which has acquired 202 businesses in 43 industries.  Its companies are manufacturers and distributors in multiple industries. Web: HarbourGroup.com