Midwest Fastener expands with Hy-Ko
Call it a bolt-on acquisition.
Midwest Fastener, the Michigan-based family-owned-and-operated maker and supplier of fasteners acquired Hy-Ko, a specialty supplier known for its letters, signs, keys and accessories.
The move creates a “one-source solution” for fasteners, keys, accessories, signs and electrical specialty products, the companies said. Combined, the companies offer more than 75,000 skus, with a full suite of merchandising, equipment and in-store support.
All employees will remain in place following the transaction, according to the announcement, which added: “The ongoing mission of providing quality products and service to their retail and distribution partners is first and foremost.”
The combined business will be managed by the DeVries family, owners of Midwest Fastener) and Bass/Kaufman, owners of Hy-Ko.
Financial terms of the deal were not announced.
Headquartered in Northfield, Ohio, Hy-Ko is a family-owned, value-added distributor of consumable, specialty hardware-related products and services. The company has been a supplier of numbers, letters & signs, keys, accessories and electrical specialty products to retailers and wholesalers throughout North America for more than 70 years.