Global Fastener News

Home Depot Sells Fastener Businesses As Part of $10.3b HD Supply Deal

Jason Sandefur

Home Depot will sell its fastener businesses as part of a roughly $10.3 billion deal by three private equity firms to acquire HD Supply, the wholesale distribution arm of Home Depot, according to Reuters.
HD Supply includes three fastener companies that Home Depot acquired in 2005 and 2006: Crown Bolt, Brampton Fastener (Brafasco) and Western Fasteners.
Bain Capital, Carlyle Group and Clayton, Dubilier & Rice won the auction and were finalizing the deal early on Tuesday, Reuters reported.
HD Supply has nearly 1,000 locations in the U.S and Canada with more than 26,000 employees. The division sells to the infrastructure, construction and maintenance supply industries. HD Supply reported revenue of $12.1 billion in 2006, about 13% of overall Home Depot sales.
Just months after renaming its wholesale business HD Supply, the home improvement retailer announced in February it was considering options including selling, spinning off or a public offering of the wholesale business to focus on retail business. ****************************************************************

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Aman Joins Sems and Specials

John Wolz

David Aman joined Sems and Specials Inc. as national accounts manager. Aman has 30 years of fastener manufacturing and distribution experience, including eight years in materials management with ILS and management positions with Southern Screw and Southern Screw Products Inc.

President Bruce Hayes said Aman’s experience “enhances our focus to service the distribution market.”

Sems & Specials manufactures non standard cold headed fasteners in low and medium carbon, alloy steels, stainless, brass and aluminum and markets solely through distributors. Sems is located at 6483 Falcon Rd., Rockford, IL 61109. Tel: 800 888-7367 Fax 815 874-0100 E-mail: sales@semsandspecials.com Web: semsandspecials.com /A>
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