Target Acquisition:
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We are looking for a manufacturer or distributor
of fasteners or a related industry. The company should be profitable
and have management in place. For a manufacturer, in order of
preference, we would be interested in; |
1) Cold header shop
2) Screw machine shop
3) Punch press shop
4) Plastics manufacturer
5) A tool and die maker
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Company
Background
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Fastener
Industries, Inc. (FII) came into existence as The Ohio Nut &
Bolt Co. in 1905. FII owns two plants and one warehouse, all
in the Cleveland area. The two plants contain cold headers, punch
presses, drillers, tappers, rollers, and welders. In addition,
it rents warehouse space in Chicago, Toronto, and Atlanta.
FII has a history of successful acquisitions. In 1987, we acquired
Joseph Industries, Inc., a distributor of lift truck replacement
parts. Later, in 1998, FII acquired the Brainard Rivet Co. Brainard
is a cold header shop which manufactures rivets and clevis pins,
and is located in the Youngstown area. |
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