SPRING 2018

182
THE DISTRIBUTOR’S LINK
RICHARD HAGAN FASTENER COMPANY ACQUISITIONS COMPLETED DURING THE SECOND HALF OF 2017 from page 178
On November 1,
2017, Adolf Würth
GmbH & Co. KG
(“Würth Group”) purchased Weinstock Bros. Inc.
Founded in 1898 and located in Valley Stream, NY,
Weinstock Bros. is a regional distributor of high strength
structural bolts and general supplies for the structural
steel industry and related fields. In addition to a full
range of heavy construction fasteners, the company’s
specialized product range includes installation tools,
fabricating equipment, rigging, ironworker accessories
and consumable supplies. Following the transaction
closing, Weinstock Bros. became a business unit of Würth
Industry of North America (“WINA”), one of the largest
fastener and Class C component distributors in North
America. Weinstock Bros. is particularly complementary
with House of Threads Inc. in Birmingham, Alabama, also
a construction fastener distributor which was acquired
by WINA in April 2016. A privately-owned company
headquartered in Künzelsau, Germany, Würth Group is
comprised of more than 400 companies in more than
80 countries. Würth Group employs more than 70,000
people worldwide and generated net sales of €11.8 billion
in fiscal 2016.
Purchase price: not available
On November 8, 2017,
The Hillman Companies
Inc. (“Hillman”) purchased
Hargis Industries LP, doing
business as ST Fastening
Systems (“STFS”). Founded in 1992 and headquartered in
Tyler, Texas, STFS designs, manufactures and distributes
specialty fasteners and hardware for construction
applications. The company’s products are sold to metal
building fabricators, hardware wholesalers and building
products distributors across the United States. The
company’s proprietary product range includes metal-tometal
and metal-to-wood self-drilling screws, along with
fastening and sealing products for venting, flashing and
roofing applications. A privately-owned company, STFS
changed its name from Sealtite Building Fasteners in March
2017. Founded in 1964 and headquartered in Cincinnati,
Ohio, Hillman is a value-added distributor of fasteners,
key duplication systems, engraved tag systems and
DIY assembly hardware. The company’s customer base
includes home improvement centers, national & regional
hardware chains, mass merchants and pet supply stores.
Hillman supplies more than 26,000 retail customers in
the US, Canada, Mexico, South America and Australia.
The company employs approximately 3,000 people and
generated net sales of $815 million in calendar 2016.
Hillman is a portfolio company of CCMP Capital Advisors
LP, a New York City-based private equity firm.
Purchase price: not available
On December 1, 2017,
Bufab AB purchased
Kian Soon Mechanical
Components Pte. Ltd. (“Kian Soon”). Founded in 1977
and headquartered in Singapore, Kian Soon is a fullservice
distributor of fasteners and Class C components.
The company specializes in providing customers with
advanced supply chain management services, including
vendor managed inventory, just-in-time deliveries, R&D
technical assistance and kitting services. The company has
subsidiaries in Indonesia and Malaysia, along with a joint
venture in Thailand. Kian Soon employs around 64 people
and generated net sales of US$12.7 million in calendar
2016. Founded in 1977 and headquartered in Värnamo,
Sweden, Bufab is a full-service distributor of fasteners and
Class C components, specializing in providing customers
with advanced supply chain management services. The
company operates 35 wholly-owned subsidiaries in 25
countries and employs around 1,000 people worldwide. In
calendar 2017, Bufab (Nasdaq OMX Stockholm: BUFAB)
generated net sales of US$388 million.
Purchase price: US$10.3 million cash and US$5.4 million of
future contingent payments
On December 1, 2017,
Hodell-Natco Industries Inc.
(“Hodell-Natco”) purchased
Davco Fastener Inc. Founded
in 1986 and headquartered in Twinsburg, Ohio, Davco
Fastener is a full-service distributor of fasteners and Class
C parts, specializing in providing its predominantly OEM
customer base with customized supply chain management
solutions. The company supplies a variety of end-user
markets including automotive & heavy truck, appliances
& food service equipment, electronics & medical devices,
firearms & military, windows & doors and oil & gas.
CONTINUED ON PAGE 183