Lindstrom Acquires Hodell-Natco’s Packaged Fastener Business
Blaine, Minn., March 7, 2017 – Lindstrom, LLC announced the acquisition of the packaged fastener business of Hodell-Natco Industries, a leading distributor of fasteners and related products with six branches throughout the United States. The company’s packaging business is based in Cleveland, Ohio and provides over 23,000 packaged products to fastener distributor customers.
Mike Wrenn, President of Lindstrom, commented, “Packaged fasteners have been part of our core business since the acquisition of Titan Fasteners in 2014. Packaging is now one of Lindstrom’s specialties and we are excited to offer more products to our distributor customers. Lindstrom is known for customer service and this acquisition gives us the scale to become the best service provider in the industry.”
With the acquisition of the Hodell-Natco packaged fastener business, Lindstrom will expand upon its already unparalleled level of choice and value, including:
– The largest inventory of hard-to-find fasteners, with over 200,000 SKUs offered
– Custom packing
– Kits and assortments
– Specialty plating and other secondary process
– Special lengths, thread pitches, and other custom fabrications for inch & metric sizes
– A wide variety of fittings, hardware and other non-fastener products
– Technical support or other knowledge-based services
– Managed programs
“Our focus at Hodell-Natco is to continue growing our core end user business. When we determined that the packaged fastener business was no longer core to our long-term vision for the company, we began the search for a partner that we knew would be diligent in their care for our highly valued packaged fastener customers. Harbour Group and the Lindstrom team are uniquely suited to accomplish our goal,” commented Kevin Reidl, President of Hodell-Natco. “We are very confident that they will provide outstanding service to these long-term customers and would not have considered this transaction if we felt differently. We will be working closely with Lindstrom throughout the transition and will maintain a strong relationship with them as a supplier going forward.”
In conjunction with the acquisition, Lindstrom is pleased to announce that a new distribution center will open in Cleveland in April 2017.