Two local companies announced significant acquisitions of peer businesses Friday morning.
Chattanooga-based Bolts and Nuts Corp., a national distributor of parts for industrial manufacturers, announced it has acquired Louisville, Ky.-based U.S. Nuts and Bolts.
The move is said to grow Bolts and Nuts’ presence in Kentucky, Ohio and Indiana, according to officials, and the Louisville plant being taken over will serve as a full stocking and distribution facility.
Meanwhile in Cleveland, national payday lending firm Check Into Cash announced its acquisition of Memphis-based Equity Management Group, Inc., a private, family-owned lending company.
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