Grabber Makes Acquisition Agreement with HS Fasteners
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.”