Bell/Zelenda & West-Spec Merge to Form Vertex
John Wolz
Main Street Resources, owner of Pawtucket Fasteners LLC, acquired the net assets of West-Spec Partners. The merged companies will become Vertex Fasteners headed by Pawtucket CEO David Hirsch.\
Pawtucket includes Bell Fasteners, Zelenda Metric and Stillwater Fasteners.
Mark Alperin is COO and Chuck Griffith vice president of finance. Vertex will have an East region run by Mark Klosek, executive vice president for national sales, and the West by Dave Kujanek, EVP national sales. Joel Roseman will be executive vice president of Distributor Alliance Services.
�We are very excited about combining the strengths of Bell/Zelenda and Stillwater with West-Spec,� Hirsch said. �We have consummated this transaction to remain at the forefront of changes that are going on in our industry. �
Hirsch said Vertex will offer a broader selection of fasteners, flexible manufacturing and expanded distribution. Vertex will have facilities in 11 cities: Los Angeles, Chicago, Houston, Dallas, Cleveland, Tampa, Atlanta, Charlotte, New Bedford and East Freetown, MA, and Pawtucket, RI.
Main Street Resources is a Westport, CT-based private equity firm comprised of entrepreneurs, executives and investors. Main Street provides capital, financial and strategic expertise, resources, contacts and advice of 80 investors.
Vertex is headquartered at 327 Pine St., Pawtucket, RI 02862. Tel: 401 725-3880 Fax 401 725-0817. Web: bellfasteners.com �2003 FastenerNews.com
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