4/4/2016 12:32:00 AM
HEADLINES
ACQUISITIONS: Würth Acquires House of Threads
The Würth Group acquired House of Threads of Birmingham, AL, for an undisclosed sum. Würth House of Threads is now part of the Indianapolis, IN-based Industry Division as a member company of Würth Industry of North America (WINA).
“The combination is… expected to enable new classes of products for WINA—meeting customer needs in the construction market segment where House of Threads has an excellent brand name,” Würth stated.
The acquisition adds 108 employees, and more than 1,200 customers.
Additionally, the acquisition is expect to enhance Würth House of Threads’ service through VMI, engineering sales support and global sourcing.
“Würth House of Threads strengthens our presence in the U.S. Southeast and Central Mexico regions,” said Marc Strandquist, executive VP of Würth Group. “We also look for them to be a national leader in the construction fastener market.
“House of Threads is an iconic brand in the fastener distribution industry since the 1960’s, and we couldn’t be more proud to have the Yeilding brothers, Foster and Lee, be a part of our team.”
The acquisition of Würth House of Threads is the fourth for WINA in the last two years. During 2015, Würth Group acquired Des Moines Bolt of Iowa. The other seven WINI companies are Würth Adams, Brooklyn Park, MN; Würth Revcar, Roanoke, VA; Würth Service Supply, Indianapolis; Würth Snider, Louisville, KY; Würth Timberline, Commerce City, CO; Marine Fastener, Sanford, FL; and Northern Safety & Industrial, Frankfort, NY.
WINA is now comprised of 9 companies servicing OEMs through VMI programs through their proprietary brand, CPS C-Parts Solutions. For 2015, WINA sales jumped 32.9% to $505 million.
“Würth immediately brings a wealth of knowledge and logistics solutions that propels us into an accelerated phase of growth,” stated Foster Yeilding, president of Würth House of Threads. “This consolidation will allow Würth House of Threads to enhance our customer service to existing accounts and support additional customers within the construction and OEM industries.”
Founded in 1963 by Fletcher Yeilding and Paul Tyson, House Of Threads operates 11 distribution centers in the U.S. (Alabama, Florida, Georgia, the Carolinas, Pennsylvania and Tennessee) and two in Mexico. Web: houseofthreads.com
The Würth Group consists of 400+ companies employing nearly 69,000 workers in 80 countries. Würth sells 100,000 products from screws, accessories and anchors to chemicals and protective equipment. For 2015, Würth Group sales exceeded EUR 11.04 billion (US$12.6 billion). Web: würth.com
For more on House of Threads, click on the Fastener History section of GlobalFastenerNews.com:
1985 FIN – 49-Year-Old Co-Founder Tyson Retiring From House of Threads
The House of Threads story begins in 1958 when Yeilding, who had recently graduated from Auburn University, and Dave Upton started Southeastern Bolt & Screw Co. in Birmingham.
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