Bolts & Nuts Corp., a Chattanooga-based industrial distribution firm, has acquired Industrial Fastening of Macon, Ga., to help expand its business in Georgia.
The purchase follows the acquisition last year of U.S. Nut & Bolt in Louisville, and the opening by the distributor of new facilities in the Carolinas, Kentucky and Nebraska over the past three years.
Bolts & Nuts now serves customers in more than 40 states, Mexico and Europe.
"We are excited to broaden our reach for our customers in Georgia, supporting economic development, job creation and contribution to the Macon and Georgia community that is core to the Bolts & Nuts values," said Mike Strunk, CEO of Bolts & Nuts Corp.
Jim Watson, CEO of Industrial Fastening of Macon, is joining Bolts & Nuts as part of the deal.
"In combining with Bolts & Nuts, our team acquires the advantages of global scale while marrying up with a company whose core values are focus on delivering value to our four key stakeholders: customers, team members, community and suppliers," Watson said.
As with its other locations in Tennessee, Kentucky, Georgia, North Carolina, Nebraska and Illinois, the Macon facility will continue to be a full stocking location to distribute fastener, specialty, and MRO parts to manufacturers in Georgia. Bolts & Nuts specializes in offering customized vendor managed inventory programs.
Dave Hadani, chairman of Chattanooga-based Bolts and Nuts Corp., said the company was founded in Chattanooga in 1979.
In January 2016, the industrial equipment distributor moved into a new location across from Chattanooga State Community College on Amnicola Highway, doubling the company's footprint here.