The deal, which included the associated Arconic (Huck) distribution rights, was finalized on December 31.
Tag "acquisitions"
“We did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic’s shareholders and other stakeholders,” stated company chairman John C. Plant.
Comstock Park, MI-based Straight Drive Fasteners distributes fasteners, adhesives, tools, MRO and accessories.
Founded in 1965, Smith Fastener distributes industrial fasteners and ancillary products throughout North America from locations in West Virginia, Pennsylvania and Texas.
Founded in 1988, Charlotte, NC-based Victory Bolt is a full-service distributor of fasteners, specialty components, and VMI solutions.
Founded in 1999, Houston-based MSI Supply distributes fasteners, stud bolts, PVF, flanges, and gaskets for the petroleum and pharmaceutical industries.
Founded in a Detroit garage in 1967, Prestige Stamping operates a 100,000 sq ft facility in Warren, MI, to produces high-volume, tight-tolerance washers and similar small stampings.
Founded in 1936, Sycamore, IL-based DRIV-LOK manufactures press-fit fastening and joining components for OEMs and fastener distributors.
Founded in 1979, Circle Bolt supplies standard fasteners and custom specialty fasteners, as well as vendor managed inventory, for OEMs and MROs.
“With so many significant fastener deals completed during 2017, it was not easy selecting the ‘Top Ten’,” Pinnacle Capital CEO Richard Hagan observed.
“LaVezzi Precision has a proven history of providing innovative medical component solutions to address demanding customer requirements,” stated MW Industries CEO John Bagnuolo.
Founded in 1986 by Terry Delia, Branam supplies fasteners to OEM and distribution markets in the U.S.
TR adds established stainless steel fastener supplier to increase global product range and growth.
ISO certified manufacturer and master distributor of non-threaded fasteners acquires the HANDI-CHEK packaged goods business of ITW Shakeproof Industrial Products.
NEFCO adds Mid-Atlantic states to NY - New England base.
Founded in 1986 by brothers Robb Harbertson and Scott Harbertson, THB distributes industrial fasteners and offers services for kitting, packaging and specialized quality control.
TFI is joining forces with the Bolt & Nut to create an even more dynamic platform to serve commercial and industrial clients in Florida and the Southeastern U.S., said TFI president Billy Duren.
Würth intends to run the manufacturer of high-quality lubricants, engine oils, additives and other vehicle care products as an autonomous company with an independent brand within the Würth Group.
Richard Hagan’s 20th annual Top Ten Deals of the Year will be published with the FIN Review of Fastener Stocks for 2017 in May 2018.
Hodell-Natco president Kevin Reidl – the 2013-14 president of the National Fastener Distributors Association – views the acquisition as the perfect step in Hodell-Natco’s growth strategy.