ACQUISITION: Schneiders Complete Continental-Aero Acquisition

John Wolz

Martin Schneider and Margie Schneider acquired the remaining shares of Continental-Aero from Lenny Robinowitz.
Martin Schneider started with Continental-Aero in 1982 and acquired a 50% stake in 1999. The planned completion of the buyout was accelerated 18 months.\
Robinowitz will semi-retire to a special assistant role after more than 40 years in the fastener industry. Robinowitz, a CPA, joined his late father-in-law Sid Greendorfer�s fastener firms, Fastener City and Aero Stop Nut. Robinowitz bought Continental Fasteners in 1982 and Aero Stop Nut in 1987.
Continental-Aero, founded in 1948, supplies nylon insert and all-metal locknuts and is headquartered at 530 Bergen St., Harrison, NJ 07029. Tel: 973 481-3000 or 800 631-0468 Fax 973 485-6464 E-mail: sales@Continental-Aero.com Web: Continental-Aero.com �2002 FastenerNews.com