12/13/2010 12:19:00 AM
NEWS BRIEFS
Holo-Krome ‘Back From The Brink’
Former Holo-Krome facility in West Harford, CT
In the months since Fastenal acquired it, socket head fastener manufacturer Holo-Krome has been revitalized.
After surviving a 40% drop in revenue during 2009, during which Fastenal bought the company from Danaher, Holo-Krome is making plans to move into a new facility in Wallingford, CT.
Holo-Krome will move more than 120 workers to a new 187,000 sq ft facility located at 61 Barnes Road. The company has been located in West Hartford since its founding in 1929.
In April Holo-Krome announced plans to expand its manufacturing scope to include cold headed specials for industries requiring “Made in the USA” products in critical applications.
Holo-Krome envisions becoming the dominant supplier of special fasteners and a key supplier of military grade fasteners, Thompson said. All Holo-Krome fasteners are DFARS certified, and in October Holo-Krome qualified as a QSLM Class 2 provider of fasteners to the Defense Logistics Agency (DLA).
But the 80-year-old fastener manufacturer narrowly escaped a different fate.
For full story, click HERE.
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