5/20/2014 12:01:00 AM
HEADLINES
ACQUISITION: Würth Group Acquires Timberline Fasteners of Colorado
Russ Doran
The Würth Group acquired Colorado-based distributor Timberline Fasteners to expand its sales in western states.
Timberline becomes part of the Industry Division of Würth Industry of North America.
The 80 Timberline employees bring the WINA total to approaching 1,000. The six WINA companies provide VMI to OEMs, using proprietary brand CPS C-Parts Solutions.
The acquisition gives the Midwest- and Eastern-oriented WINA more presence west of the Mississippi River.
“As we implement our expansion plans, the geographical locations that Würth Timberline occupies will help us be a more complete supplier to our target customer base,” executive VP Marc Strandquist said. “We look to that region of the country to be a lever of growth for us as we seek to double Würth Industry of North America in size by 2020.”
Timberline president Russ Doran observed that Würth’s “global footprint, strong brand identity and appetite for growth creates an energizing environment and attractive opportunity for our employees as well as our customers – and we look forward to proudly promoting our new ownership and renewed ambitions.”
Doran has been president of the Pacific-West Fastener Association (2011-2013).
Timberline, formerly A&I Bolt & Nut and Kemper Products, was founded in 1923. It has branches in Wisconsin, Nebraska and Puerto Rico, and is headquartered at 6195 Clermont St., Commerce City, CO 80022. Tel: 800 421-0886 Web: timberlinefasteners.com
WINA is part of the German-based Würth Group, which includes 400+ companies in 80 countries and 63,000 employees. More than 30,000 of the employees are sales people. Würth’s 2013 sales totaled EUR9.98 billion (U.S.$13.1b).
Fastener History section of GlobalFastenerNews.com:
1997 FIN – Global Giant Würth Reentering North American Fastener Market
Last month Service Supply Company of Indiana, with 41 midwestern branches in 21 states, announced it was negotiating a sale to Würth group. Includes FIN interview with Reinhold Würth on the future of his company.
2007 FIN – Würth Group Sets Worldwide Sales Record
“A generation change often brings family-run businesses to the brink of ruin because the handover of the business did not start soon enough or with a clear line,” Bettina Würth wrote. “Not in our case.”…
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