Lindstrom Metric, a portfolio company of the Harbour Group, has acquired Bossard Metrics, a distributor of metric fasteners and subsidiary of global fastener company Bossard Group.
“Harbour Group demonstrated strong operational and industry experience throughout this process,” said David Dean, CEO of Bossard Group. “Their experience, combined with their ability to move quickly and in a straightforward manner, assured me and the management team that Harbour Group and the Lindstrom team are well-suited to support the Bossard Metrics’ customers and become the exclusive master distributor of the Bossard Group products to the distributor network in the United States. We’re looking forward to working with Lindstrom for many, many years to come.”
Bossard Metrics is the U.S. master distribution business of Swiss-based Bossard Group and a supplier of metric fasteners to the U.S. distribution market. The company sells only to distributors with no direct sales to manufacturers. Bossard Metrics employs 23 people and has revenues of $9.5 million in 2011. The company is based in Based in Elk Grove Village, IL (www.bossard.com).
Lindstrom Metric is a wholesaler of standard and specialty metric fastening elements. The company is based in Blaine, MN (www.lindfastgrp.com).
Bossard Metrics will be integrated with Lindstrom enabling the combined operation to provide 2,000 distributor customers with more than 75,000 standard and specialty metric fasteners. Concurrent with the acquisition, Lindstrom will become the exclusive master distributor for the entire range of Bossard products in the U.S., and will exclusively distribute the Bossard Group catalog to U.S. distributor customers.
“Bossard Metrics has an exceptionally strong presence in the marketplace. This purchase marks another milestone in the 40 year history of continuous expansion and development of Lindstrom Metric, and we’re committed to supporting Lindstrom as it grows both internally and through other strategic acquisitions,” said Jeff Fox, Harbour Group’s chief executive officer. “The combination further strengthens Lindstrom’s position as the metric ‘specialist,’ offering customers a broad assortment of metric standard and specialty fasteners along with specialty plating, packaging, and other valued added services.”
Harbour Group and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, automotive enthusiast products, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 169 companies in 34 different industries. The company is based in St. Louis, MO (www.harbourgroup.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-12-12
