AFC Industries, a portfolio company of Rockwood Equity Partners, has acquired Dell Fastener Corporation. Rockwood first invested in AFC Industries in February 2012.
Dell Fastener is a distributor of fasteners to original equipment manufacturers worldwide. The company also provides logistics services such as special packaging, kitting, and drop shipments. Dell Fastener is headquartered in Pittsburgh with an additional facility in Atlanta (www.dellfast.com).
Post acquisition, Dell Fastener will operate as a division of AFC and will continue to be led by its General Manager Doug Kortyna.
AFC Industries distributes and provides vendor managed inventory programs for an array of standard and specialized fasteners and other industrial components sourced from a global supplier base. In addition to providing inventory management and replenishment services, AFC’s service offerings include testing, quality assurance, assembly, kitting, packaging and private labeling. AFC was founded in 1987 and is based near Cincinnati in Fairfield, OH (www.afcind.com).
Rockwood Equity Partners invests in niche manufacturing, value-added distribution, and business services companies with $2 million to $7 million of EBITDA that are located in the US or Canada. Sectors of specific interest include electronic components, energy products, industrial products, infrastructure/water/wastewater, industrial services, healthcare, military & defense, and business products outsourcing services. Rockwood was founded in 1999 and has offices in Cleveland and New York (www.rockwoodequity.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-18-14
