Fastenal to buy screw maker
A press release rolled out today that say it is buying "certain assets of Holo-Krome..."Holo-Krome, which was founded in 1929, is based in West Hartford, Conn. The deal is expected to close on Dec. 18, according to the release.
Here's a little info directly from the press release:
The sales of this business for the year ended December 31, 2008 are less than 1% of the consolidated sales of the Fastenal organization for the same period.Holo-Krome was organized around what was a revolutionary idea at the time -- the manufacture of socket screws by metal forming, or heading, rather than machining. More recently, the company invented the Thermo-Forged(R) process, which results in fasteners which are more precise, offer greater strength, and afford higher fatigue resistance.
As of November 30, 2009, Fastenal operated 2,357 stores in the United States (all 50 states), Canada (all provinces), Puerto Rico (multiple), Mexico (14 states), Singapore (one location), Netherlands (one location), Hungary (one location), Malaysia (one location) and China (one location) selling to the general public. The Company operates 14 distribution centers located in Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, Kansas, Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico.