Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->The Hillman Group Acquires Specialty Fastener Comp...You are the 338130 visitors
Views:511   |   recommendation:   |   Votes:0   |   Discuss:0
The Hillman Group Acquires Specialty Fastener Company

The Hillman Companies, Inc. (NYSE-AMEX: HLM.PR) and The Hillman Group, Inc. (collectively, "Hillman" or the "Company") announced on Nov 08 that it has entered into an Asset Purchase Agreement by which it acquired substantially all of the assets, and assumed certain liabilities, of Hargis Industries, LP ("Hargis"), doing business as ST Fastening Systems ("STFS"), a specialty fastener manufacturer and distributor based out of Tyler, Texas.

Hillman believes that STFS's core product line of specialty fasteners fits well with Hillman's fastener portfolio. STFS's products are sold to metal building fabricators, hardware wholesalers, and building products distributors in the U.S. Hillman and STFS both have a strong commitment to customer focus and innovation within their product lines. STFS's headquarters will remain in Tyler, Texas and STFS will continue to maintain a distribution center in Cincinnati, Ohio.

STFS will continue to be led by industry veteran Bruce Crouch.

"We are excited to have STFS join the Hillman family," said Greg Gluchowski, CEO of Hillman. "Bruce is a great addition to the Hillman leadership team and we look forward to the contributions that he and his team will bring to Hillman. STFS's product lines and operational capabilities will expand our presence in strategically important commercial and industrial markets."

Mr. Crouch said "I am excited to partner with Hillman to build on the great momentum we have created at STFS to the benefit of our employees and our customers. I would also like to thank Joe Hargis, the founder of STFS, for his vision, passion, and contributions that have made this moment possible."

Source: PR Newswire

2017/11/14 14:48:00

Previous:    Fastenal Rings Nasdaq Opening Bell, Reports More Strong Sales In October
        Next:    Grainger Reaffirms 2017 Outlook, Expects 5% MRO Growth In 2018

Recent Related News
Fastenal Sees Daily Sales Rise 12% In January, Promotes Blue Team--2018-02-07
Bossard Announces Pending CEO Transition--2018-01-31
Würth Industry North America Announces Senior Leadership Appointments--2018-01-25
Stanley B&D Grows Sales 17% In Q4, Acquires Nelson Fastener Systems--2018-01-25
Fastenal Sales And Profits Soared In 2017 On Vending, Onsite--2018-01-22
Midwest Wholesale Hardware Acquires Strauss Lock Distributors--2018-01-22
Fairmont Supply Acquires Fastener Distributor THB Inc.--2018-01-16
Bossard US Sales Jumped More Than 18% In 2017--2018-01-15
WüRTH GROUP ACHIEVES RECORDS IN SALES AND OPERATING RESULT--2018-01-10
Threaded Fasteners Inc. Expands Again in Florida Market with Addition of Tampa-based Bolt & Nut Inc.--2018-01-09
Würth Group acquires lubricant specialist Liqui Moly--2017-12-30
Fastenal November Sales See Best Growth In 3 Years--2017-12-12

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener0fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany



Show Room



Offer Product

Latest News
• Manufacturing World Nagoya 2018: Japan’s Leading Trade Show for the Manufacturing Industry

• China Fastener Info wish you a Chinese Lunar New Year!

Buyers' Guide
Company News

• Wenshou Jinsheng Fastener: Focus on Quality

• Shanghai Minmetals–Fasteners, A Specialized Fastener Company with Over Six Decades of History

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener