LindFast Acquires Star Stainless Screw Co.
LindFast Solutions Group acquired Star Stainless Screw Company for an undisclosed sum.
“We believe the combination of LSG and Star will give our collective customers unparalleled ability to meet all of their fastener needs with one company,” said LindFast CEO Bill Niketas. “With Star’s 14 branches and distribution centers across North America and the 16 locations we have, this collective footprint will allow our customers to access product even more efficiently than in the past.”
Together LSG and Star will distribute fasteners ranging from stainless to inch, to metric and provide value-added services.
As with other recent LindFast acquisitions “little change is expected in the near term from a customer perspective,” Niketas said. For the foreseeable future, Star will continue to operate out of its existing facilities, will remain on the same ERP system, and will extend the same policies currently in place.
Lindstrom was founded in 1983 by Virg Lindstrom.
Stelfast traces its founding to 1972 when Surinder Sakhuja started Eses Limited as a manufacturer of industrial gears and screw machine products. The company took the Stelfast name in 1976 and became an importer and master distributor of fasteners.
Lindstrom was a master distributor specializing in metric fasteners when it acquired Stelfast – an imperial fasteners master distributor – in 2018. Web: LindFastgrp.com
In 1946 Bernard Golden founded Star Stainless Steel Polishing Co. in New Jersey. In 1950 a few bags of screws found in the employee locker room led to the start of Star Stainless Screw Co. Star Stainless survived a fire which destroyed its building in 1954.
When Bernard Golden died in 1984, his son Wayne Golden succeeded him. Bruce Wheeler became president in 2003. Tim Roberto is the current president. Web: StarStainless.com
LindFast is headquartered at 2950 100th Court NE, Blaine, MN 55449-5100.
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