NEFCO Corporation acquired Contractors & Industrial Supply.
Connecticut-based NEFCO distributes fasteners, threaded rod, tools, safety supplies, abrasives and construction supplies. NEFCO has 10 distribution centers in seven states.
Founded in 1984, CIS distributes to the mechanical, electrical and plumbing trades from facilities in North Carolina and Virginia. Web: Go2CIS.com
“The growth of the NEFCO brand into Virginia and North Carolina gives us a greater foothold within the Mid-Atlantic states,” NEFCO CEO David Gelles said.
“We are just getting started,” NEFCO director of business development Matthew Gelles said. “Although we have been averaging consistent double-digit, year-over-year growth since our inception in 1981, we feel that we are still in the beginning of our growth story at NEFCO. The addition of Tekk Supply of Southern Florida in October and now CIS is a critical step in our strategic growth plan.”
CIS president Pete Moses noted CIS has heard about NEFCO for years.
“This combination will turbo charge our business and improve our current capacity to support our current customers and many more to come.”
NEFCO is headquartered at 411 Burnham Rd., East Hartford, CT 06108. Tel: 800 969-0285 Web: GoNEFCO.com
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