5/30/2013 11:38:00 AM
NEWS BRIEF
Vegas Fastener Manufacturing acquired an industrial building at 4305 W. Oguendo Rd. in Las Vegas, NV from Ramsey & Son, Inc. for $2.4 million, the CoStar Group reports.
The 22,400 sq ft building includes two drive-in bays and 21-foot clear heights.
In early 2013 Vegas Fastener was acquired by Elgin Fastener Group.
Founded in 1998, the Las Vegas-based manufacturer operates forging presses, computer-controlled turning centers, vertical CNC mills and CNC bar feeders. Customers include power generation, marine/naval transportation, oil and gas, diesel engine, food processing, power turbine, water works and general industrial markets.
Vegas Fastener Manufacturing was owned by Richard Lassiter, Ed Cebulko and Jim Foytik, who averaged 30 years in the industry.
Lassiter was founder of Nevada Nut & Bolt – which became Non-Ferrous Bolt & Manufacturing; Cebulko was a partner and Jim Foytik was plant manager. Non-Ferrous Bolt & Manufacturing was bought by SPS Technologies in 1998.
Foytik left Non-Ferrous to start Vegas Fastener Manufacturing in November 1998. Lassiter joined Foytick in 2000 and Cebulko in 2001 as co-owners.
SPS shut the Las Vegas fastener facility in 2000, and Vegas Fastener Manufacturing hired key production and testing staff – including VFM sales manager Kevin Hartman.
In 2003 Vegas Fastener moved into a state-of-the-art, 100,000 sq ft facility, which houses hundreds of machine tools, including 10-ton through 750-ton forging presses; computer-controlled turning centers; vertical CNC mills; and CNC bar feeders. ©2013 GlobalFastenerNews.com
Related Stories:
• Testing Continues on Bay Bridge Bolts
• Dyson Corp: We Supplied Bridge Bolts As Specified
Related Links:
Share: