10/23/2012 9:23:00 AM
HEADLINES
Lindstrom Acquires Bossard’s U.S. Metrics Business
Lindstrom Metric LLC acquired Bossard Metrics Inc., Lindstrom president and founder Virgil Lindstrom announced.
Based in Elk Grove Village, IL, Bossard Metrics is the U.S. master distribution business of the Swiss-based Bossard Group. Bossard Metrics sells to U.S. distributors, with no direct sales to manufacturers.
Bossard Metrics will be integrated with Lindstrom, enabling the combined operation to provide 2,000 distributor customers with more than 75,000 standard and specialty metric fasteners.
Lindstrom will become the exclusive master distributor for Bossard’s products in the U.S.
“I am extremely excited about pulling Bossard Metrics into the fold as its ‘BN’ nomenclature is widely recognized throughout the industry,” Virgil Lindstrom said. “This transaction adds to our ability to execute and continue to be the key partner to our valued distributor customers.”
Bossard provides Lindstrom with inventory breadth, product availability, ancillary services and order flexibility on standard as well as tens of thousands of low-volume metric fasteners.
Terms of the transaction were not disclosed.
Founded in 1972, Lindstrom Metric has warehouses in South Carolina, New York and Illinois and is headquartered in Blaine, MN. Web: lindfastgrp.com
Lindstrom Metrics is a Harbour Group company. Since it’s founding in 1976, St. Louis-based Harbour Group has acquired 169 companies in 34 different industries. Web: HarbourGroup.com
Harbour CEO Jeff Fox noted Bossard Metric’s strong presence in the marketplace.
“This purchase marks another milestone in the 40 year history of continuous expansion and development of Lindstrom Metric, and we’re committed to supporting Lindstrom as it grows both internally and through other strategic acquisitions,” Fox told FIN. “The combination further strengthens Lindstrom’s position as the metric ‘specialist,’ offering customers a broad assortment of metric standard and specialty fasteners along with specialty plating, packaging, and other valued-added services.”
Bossard AG CEO David Dean said Lindstrom’s “experience combined with their ability to move quickly and in a straight forward manner, assured me and the management team that Harbour Group and the Lindstrom team is well-suited to support the Bossard Metrics’ customers and become the exclusive master distributor of the Bossard Group products to the distributor network in the United States.” Web: Bossard.com
Harbour Group companies are in manufacturing, distribution, and specialty services in multiple industries, including specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, automotive enthusiast products, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. ©2012 GlobalFastenerNews.com
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