Bostwick-Braun Acquires Wayne Fasteners, Inc.
The Bostwick-Braun Company, one of the Toledo area’s oldest businesses and an ESOP since 1980, announced its sixth acquisition for which the Principals of True North Strategic Advisors, LLC served as advisors.
Wayne Fasteners is a full line distributor of fasteners, construction and industrial supplies. It has been in business over 41 years serving Indiana and surrounding states from its Fort Wayne location. Wayne Fasteners will be part of Bostwick-Braun’s Industrial Business Unit and will operate as a wholly-owned subsidiary of Bostwick-Braun.
The Wayne Fasteners organization is led by Charlie Keller. Under Charlie’s leadership, Wayne Fasteners has produced consistently strong earnings. Charlie will continue to serve as President of Wayne Fasteners, Inc.
Wayne Fasteners employs 32 associates working out of one location. Wayne Fasteners’ employees take great pride in providing value-added solutions to customers such as kitting & packaging services, tool repair, bandsaw blade welding, and light assembly services. Its supply of fasteners, abrasives, and other construction and industrial supplies is the largest in the area.
“We see tremendous potential to cross-sell products in this merger. Expanded market baskets, enhanced programs/services, and joint marketing efforts will give customers the total solutions that they are looking for today,” said Chris Beach, President and Chief Executive Officer of Bostwick-Braun. “Wayne Fasteners, Inc. will continue to operate out of their Fort Wayne facility. The company is a strong, profitable organization that will make a positive contribution to Bostwick-Braun’s shareholder value from day one.”