PRESS RELEASE
FOR IMMEDIATE RELEASE:
Indianapolis, Ind.–Würth GroupAcquires Timberline Fasteners
The German based Würth Groupis pleased to announcethe acquisition of Colorado based fastener distributor,Timberline Fasteners, the largest fastener distributor in the RockyMountain Region.WürthTimberline is now apart of the Industry Division as a sister company ofWürthIndustry of North America WINA, one of the largestassembly component distributors in the U.S.The acquisition isthe first step in theWürthGroup’s plans to doubleits Industry presence in the U.S. by the year 2020.
Timberline Fasteners, originally A&I Bolt and Nut, was established in 1923 in downtown Denver, CO. Mostrecently, Timberline’s growth and focus has been in both the VMI/OEM sector as well as the packaged, retailhardware/lumber market. Timberline’s President, Russ Dorannotes that “Würth’s global footprint, strong brandidentity and appetite for growth create an energizing environment and attractive opportunity for our employeesas well as our customers–and we look forward to proudly promoting our new ownershipand renewedambitions.”
WINA has a strong presencein the Midwest and eastern states, but is limited west of the Mississippi River.Theaddition ofWürthTimberlinewillallow WINA toadvancebusiness into the western part ofthe U.S.,as well asadd profitable sales and market penetration and diversification. “TheWürthGroup is pleased to add such ahigh quality company to its portfolio of companiesin North America. As we implement our expansion plans,thegeographical locations thatWürthTimberlineoccupieswill help us be a more complete supplier to our targetcustomer base. We look to that region of the country to be a lever of growth for us as we seek to doubleWürthIndustry ofNorth America in size by 2020,” says Marc Strandquist, Executive Vice President of theWürthGroup.
WürthTimberline is headquartered in Commerce City, Colo. with five additional area branch locations.Theacquisition adds nearly 80 employees to WINA’s head count, bringing the total to almost 1,000.
WithWürthTimberline, WINAnowcomprises six sister companies, servicing original equipment manufacturersby providing vendor managed inventory VMI programs through theirproprietary brand, CPS®C-PartsSolutions. WINA closed 2013 with over $350 million in sales.
For more information,please visit:www.timberlinefasteners.comorcontact LindseyMyszakatlmyszak@wurthservice.com.
Würth Industry of North Americais a part of the Würth Group, a world market leader inits core business, thetrade in assembly and fastening material. It currently consists ofmore than 400companies inover 80countrieswithmore than63,000 employees. Over 30,000 of these are permanently employed sales representatives. TheWürth Group generated EUR9.98billion $13.1billion insales in the business year 2013.
For more information on WürthIndustry of North Americaandthe Würth Group, please visit the websitewww.wurthindustry.com
