Building Material Distributors (BMD), a wholesale distributor of specialty building materials, on Monday announced its acquisition of Master Fasteners International and Fastener Source.
BMD will be merging Fastener Source and Master Fasteners under the single name of Master Fasteners International, and will operate the company as a wholly owned subsidiary of BMD. The acquisition of Master Fasteners, an importer and wholesaler of fine wire and pneumatic fasteners, will allow BMD to expand on their previously established market position within the fastener industry.
“We believe that Master Fasteners' proven capabilities in the fastener market align very well with BMD’s strategy and enhance our ability to drive value in the channel by making our customers and suppliers more successful,” commented Jeffrey Gore, president and CEO of BMD. “Master Fasteners adds to our already significant capabilities in this product line, with a depth of technical expertise and strong channel partnerships that clearly open up new markets and opportunities. We are excited about the collective team that is created by this acquisition and look forward to the new joint venture.”
Headquartered in Long Beach, Calif., Master Fasteners International was founded in 1994 by Christopher T. Miller. Master Fasteners distributes pneumatic fasteners to Specialty Tools and Fasteners Distributors Association (STAFDA) members and OEM companies throughout the United States.