Mar 9, 2017, 11:32am EST
Bridgeville-based AFC Holdings is acquiring R&E Fasteners Inc., a distributor of fasteners, electrical products and industrial supplies based in Reno, Nev.
AFC, which assembles many small but crucial parts like bolts, screws and springs that manufacturers need to build products, will stetch its portfolio westward with the deal, as R&E, who employs 20 and has has a satellite facility in Las Vegas, primarily serves customers in Nevada and Northern California.
Financials of the deal were not disclosed.
AFC CEO Kevin Godin said in a prepared statement that the acquisition gives his company access to several new end markets including casino/gaming equipment and mining.
“The location also allows us to be more responsive to existing and new industrial customers in the area,” Godin added. (…)
via Bridgeville-based AFC Holdings acquiring R&E Fasteners of Reno, Nev. – Pittsburgh Business Times.