UK Firm To Acquire Reid Supply

8/24/2011 10:44:00 AM
NEWS BRIEFS
UK Firm To Acquire Reid Supply

England-based Filtrona plc signed an agreement to acquire Reid Supply Co. for as much as $32 million. 
 

Muskegon, MI-based Reid Supply distributes fasteners and other standard industrial components throughout the U.S. and 57 other countries, and will become part of Filtrona’s Protection & Finishing Products (“PFP”) division.

“The acquisition of Reid Supply is an excellent addition to the PFP division,” stated Filtrona CEO Colin Day. “These products will significantly enhance PFP’s offering both in the US and Europe, with Reid Supply’s customers also gaining access to PFP’s US distribution network and product range.”

Founded in 1948 by Liberty Reid, Reid Supply supplies fasteners and other standard industrial components to manufacturing, CAD and engineering, transportation construction, food processing, packaging, energy, government, aerospace and medical markets. Web: reidsupply.com

Filtrona is headquartered in Milton Keynes, England, and supplies speciality plastic and fibre products. The company has 3,160 employees in 29 manufacturing facilities, 41 sales and distribution operations and six R&D centers. Web: filtrona.com ©2011 GlobalFastenerNews.com