Southwest Fastener acquires Bolt Co.
Southwest Fastener agreed to acquire The Bolt Company of New Mexico, headquartered in Albuquerque.
The company plans to move all Bolt employees, inventory and manufacturing to Southwest Fastener’s current location in Albuquerque.
Ken Lubbering, president of Southwest Fastener said, “It is my pleasure to announce the acquisition of The Bolt Company of New Mexico. The part that interested Southwest Fastener the 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.
The Bolt Company acquisition follows Southwest Fastener’s opening of its new store in Tucson, Arizona.
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.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
