Optimas OE Solutions Holdings has acquired US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston, PA.
The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities.
“We are pleased to have Circle Bolt & Nut join our team," said CEO Anesa Chaibi. "We are convinced that this is the right investment for Optimas to expand beyond our current base of business.”
Jim Castellino, CBN President & CEO, added: “I’m very excited for our company to become a part of the Optimas family. Together we will be able to provide exceptional value to our customers.”
As a premier supplier of a wide variety of parts and components, CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing Vendor Managed Programs that utilise state of the art technology.
Christian Wiltrout, President, Americas, said: “Circle Nut & Bolt enables Optimas to accelerate our expansion into small and medium sized accounts.”
The transaction also diversifies the portfolio of Optimas customers across multiple industries. Anesa Chaibi concluded: “The addition of Circle Bolt & Nut to our Optimas family is another positive step forward in accelerating the execution of our growth strategy and company transformation.”
Other recent key developments for Optimas include - in Europe - the opening of a new German Distribution Centre to cope with increased demand in the surrounding countries.
