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->Fastener Master Distributor G.L. Huyett Acquires H...You are the 532578 visitors
Views:994   |   recommendation:   |   Votes:0   |   Discuss:0
Fastener Master Distributor G.L. Huyett Acquires HANDI-CHECK From Illinois Tool Works


G.L. Huyett, a supplier and master distributor of non-threaded fastener products, announced Thursday that it has purchased the HANDI-CHEK packaged goods business of ITW Shakeproof Industrial Products. The acquisition includes equipment, inventory, assets, and intellectual property - including the "HANDI-CHEK" brand name. "HANDI-CHEK is one of the original packaged fastener brands and we are excited at the opportunity to further strengthen the brand equity and franchise with our promotional efforts," noted Greg Tabor, Vice President of Marketing and Procurement. Tabor stated that G.L. Huyett plans to convert its existing packaged goods lines over to the HANDI-CHEK brand.

HANDI-CHEK was founded in the 1970s and catered to farm and ranch stores in the upper Midwest. The brand was purchased by Rein Leitzke, which was later acquired by Bee Industries and folded into the ITW Shakeproof Industrial Products family. Along the way, HANDI-CHEK was promoted to the industrial supply channel and HANDI-CHEK kits are now advertised and sold by many of the industry's leading catalog distributors.

"The purchase of HANDI-CHEK is another step in our current growth-oriented business strategy," said Timothy O'Keeffe, G.L. Huyett CEO. This is the third acquisition G.L. Huyett has completed in the past two years. "As with all of our portfolio, we intend to intensely invest in this business and drive value that benefits our distributor customers. This deal provides us greater scale so that we can lower our costs of assembling and kitting on our current packaged business," noted O'Keeffe.

"We continue to look for strategic fits to our product and service offering," said O'Keeffe, "We have distinct management support systems to ensure that the employees and customers of retiring entrepreneurs or divesting shareholders are well taken care of and embraced into our Culture of Excellence."

ITW Shakeproof Industrial Products is a division of Illinois Tools Works Inc., specializing in the manufacture of specialty cold-headed products; wire forms including cotter pins; and helical split lock washers.

Visit Huyett.com today to see G.L. Huyett's complete line of Assortments and Kits, or give their friendly Sales Team a call today at 785-392-1020.

About G.L. Huyett

Established in 1906 by Guy Huyett in the "other Minneapolis," the company is one of the oldest continuously operating businesses in Kansas. The firm is a leading innovator of products and services geared to support industrial distributors in the non-threaded fastener and power transmission sectors, delivered by competent customer-centric people operating in a Culture of Excellence.

Source: Industrial Distribution

2018/3/7 16:42:00

Previous:    Fastenal Sales, Headcount Accelerate In February
        Next:    AGREEMENT OF FASTENER FAIR MEXICO AND CAREINTRA WIDENS THE INDUSTRIAL FASTENER RANGE OF SUPPLIERS IN WESTERN MEXICO

Recent Related News
Sundram Fasteners Q2 profit up 22% to Rs 1.10 bn, revenue crosses Rs 10 bn--2018-12-10
Anixter International Inc. Names New Member to Board of Directors--2018-12-04
Dongtai Huawei to Exhibit at Vietnam International Exhibition on Hardware & Hand Tools 2018--2018-12-03
NORMA Group with strong organic sales growth in the first nine months of 2018--2018-11-26
Lawson Products Expands in Canada--2018-11-22
BOSSARD GROUP BUYS 49% STAKE IN 3D-PROTOTYP, EXPANDS INTO 3D PRINTING INDUSTRY--2018-11-13
Caterpillar says tariffs increasing costs, stock tumbles--2018-11-05
YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts--2018-11-02
Bossard Continues Sales Growth in Third Quarter 2018--2018-10-31
Strong manufacturing economy helps Fastenal's earnings--2018-10-31
Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide--2018-10-26
Dongtai Huawei: One-Stop Supplier of Stainless Steel Fasteners--2018-10-21

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:fastener8fastener

Fastener Trade Show Suzhou


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

•M-Tech Tokyo, Feb 6-8, 2019, Tokyo, Japan

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany



Show Room



Offer Product

Latest News
• China Fastener Info Exhibits at Wire India 2018

• China's industrial sector maintains stable operation: survey

Buyers' Guide
Company News

• Donglong Metal Mold Machinery: Focus on Quality, Talents and Brand

• In Pursuit of Excellence in Quality—ZHEJIANG CHAOBOER HARDWARE CO.,LTD.

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


fastener