Grabber Construction Products announced its acquisition of the Fasteners division of Hickory Springs Manufacturing Company.
Grabber Construction Products announced its acquisition of
the Fasteners division of Hickory Springs Manufacturing Company (HS Fasteners).
Products from HS Fasteners will now be sold through Grabber’s international
distribution system expanding its services and products to customers in the Carolinas and surrounding areas.
HS Fasteners’ acquisition will add a greater range of
products to the Grabber brand, including HS Fasteners’ Pro Proven brand of collated
packaged and bulk nails. This extensive line includes several nail types
including common, vinyl, box, finish, casing, sinker, roofing, drywall,
flooring and masonry, among many other nails. Grabber currently distributes an
extensive line of construction screws; the addition of the HS Fastener nails
ideally complements the company’s product mix.
“We are very pleased to extend the Grabber brand with HS
Fastener products. Both companies have a well-established reputation in the
industry and we feel our offerings are a natural fit,” said Bill Reese, senior
vice president for Grabber. Dealers and contractors can expect the same product
quality in the newly acquired lines as no manufacturing processes will change.
Grabber begins servicing existing HS Fastener
customers immediately. According to Reese, the acquisition “won’t affect the
service they’ve come to appreciate from HS Fasteners. In fact, we believe
lumber yards and drywall yards will benefit from Grabber’s widespread and
efficient distribution system.”
Grabber Makes Acquisition Agreement with HS Fasteners
September 16, 2010