Southwest Fastener Acquires The Bolt Company of New Mexico
Deal strengthen's Southwest's presence in Albuquerque market.
Southwest Fastener has agreed to acquire The Bolt Company of New Mexico under the terms of an agreement signed September 10th, 2013. The acquisition combines two highly compatible fastener industry companies, and strengthens the presence of Southwest Fastener in the Albuquerque and in the state of New Mexico.
Ken Lubbering, President of Southwest Fastener said, “It is my pleasure to announce the acquisition of The Bolt Company of New Mexico. What interested Southwest Fastener most about acquiring The Bolt Company was not the tangible assets; it was the employees that will be coming with the acquisition of the company. With this merger we will be adding over 50 years of fastener experience and knowledge to the already experienced staff in Albuquerque, New Mexico.
Under the deal, Southwest Fastener will acquire ownership of The Bolt Company, a leader in the fastener industry. The Bolt Company, headquartered in Albuquerque, New Mexico will move its employees, inventory and manufacturing to Southwest Fastener’s current location in Albuquerque.
The Bolt Company acquisition follows Southwest Fastener’s very successful opening of its new store in Tucson, Arizona, which demonstrated the company's unique ability to expand its brand without disruption of value, or customer service. The acquisition brings further strength to Southwest Fastener’s extensive branch network and to their continued long-term growth.
John Barnhill, Manager of The Bolt Company said, “We are very excited about the sale of The Bolt Company of New Mexico to Southwest Fastener a leader in the fastener industry. The New Mexico market will definitely have a new and powerful fastener company able to provide great service, competitive pricing and expertise. The future looks great.”
The Bolt Company of New Mexico, LLC was started in October of 2009 by John Barnhill and Mike Grandjean. The Bolt Company has four employees with over 50 years of combined experience in the fastener industry. Lee Truett Inside Sales and Purchasing, Dean Johnson Shipping and Manufacturing, Frank Dales Outside Sales and Order Compliance, and John Barnhill Owner/Manager.
The Bolt Company serves the Albuquerque and Clovis areas and has provided fasteners for the Construction, Mechanical, Manufacturing, and Solar Industries. The Bolt Company has manufactured anchor bolts and studs for some of the largest projects in New Mexico. The Bolt Company will be moving their inventory and manufacturing to 3300 Princeton North East Albuquerque, New Mexico, 87107 Suite S-26.
Learn more at www.swfastener.com.
CONTRACTOR SUPPLY MAGAZINE
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