Fastenal, one of the largest fastener distributors in North America, is to acquire certain assets of industrial and fastener supply distributor Mansco (Manufacturer's Supply Company).
Headquartered in Hudsonville, Michigan and with facilities in Madison, Alabama and McAllen, Texas, Mansco generated approximately $50 million revenue in 2016. The company is profitable and has been run by President and owner Jim Mol for 25 years. Mancso focuses on fastener products, with particular strength with commercial furniture OEMs - an area Fastenal that has not been strong in, previously.
"From our first discussions, we were impressed with the Mansco team," said Dan Florness, President and CEO of Fastenal. "It has built a successful business in a challenging fastener distribution market through a focus on customers and a ‘can-do' approach. This speaks to the company's ability to execute and illustrates how well Mansco will fit with our own "growth through customer service" culture. We look forward to welcoming Mansco to the Fastenal family. Our complimentary capabilities make both businesses stronger."
Jim Mol, President and owner of Mansco, added: "I am extremely pleased about the opportunity for the business and our employees to move forward with Fastenal. Fastenal brings an enormous supply capability and cost saving technologies to our customers. This combination will help us grow and better serve our customers, while maintaining the excellent quality and service our customers have come to expect."
Fastenal supplies industrial and construction supplies in fasteners, tools, metal cutting tool blades, abrasives and more. The company operated 2,500 stores, largely in North America, and 14 distribution centres in North America.
