4/25/2011
HEADLINES
Hill Fastener Corp. Acquired By Kansas-Based Tramec

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Hill Fastener Corp. was acquired by Iola, KS-based Tramec. The company will be called Tramec Hill Fastener LLC. 
 

Located in Rock Falls, IL, Hill Fastener was owned by CEO Robert Hill.  
 

In a statement Tramec said that the  acquisition positions Hill Fastener as an “integral part” of the Tramec LLC fastener business, solidifying Tramec’s presence in the industrial fastener market.
 

“The strategic acquisition of Hill Fastener adds manufacturing expertise to Tramec and represents a unique transaction where the sum of these two companies exceeds the individual components,” stated Tramec CEO Gary Sullo.
 

Robert Hill remarked, “I have had nearly 40 years of experience working here and it has always been my business strategy that, at the right time, Hill Fastener would be turned over to a company like Tramec LLC.”
 

“As promised, our employees will be retained and the business will remain in the community where my father started it in 1957,” Hill continued. “I am very gratified by what has occurred for Hill Fastener and its employees.”
 

Tramec owner MacLean Investment Partners said the acquisition “fits nicely with the long-range investment strategy to diversify manufacturing capabilities and customer base.”
 

Tramec services the heavy-duty tractor and trailer OEM and aftermarket businesses, as well as the industrial market. Tramec’s product line includes red nylon insert lock nuts, Uni-Torque and Mac-Loc products, the WhizLoc serrated flange screw and bolt product line, and patented Crewson Brunner automatic brake adjusters, air brake and electrical components, assemblies and related accessories for the truck and trailer markets. Email: gsullo@tramec.com Web: tramec.com
 

Hill Fastener was founded in 1957 as a manufacturer of special screws for the builders hardware industry. The company operates a 48,000 sq ft facility at 1602 McNeil Rd., Rock Falls, IL 61071-0399. Web: hillfastener.com  ©2011 GlobalFastenerNews.com

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