GLENVIEW, IL – Optimas OE Solutions Holdings, Inc. LLC announced today the acquisition of the US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston, PA. “We are pleased to have Circle Bolt & Nut join our team. We are convinced that this is the right investment for Optimas to expand beyond our current base of business,” stated Anesa Chaibi, Chief Executive Officer. The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities.
Jim Castellino, CBN President & CEO, added, “I’m very excited for our company to become a part of the Optimas family. Together we will be able to provide exceptional value to our customers.” As a premier supplier of a wide variety of parts and components, CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing Vendor Managed Programs that utilize state of the art technology. “Circle Nut & Bolt enables Optimas to accelerate our expansion into small and medium-sized accounts,” said Christian Wiltrout, President, Americas.
The transaction also diversifies the portfolio of Optimas customers across multiple industries. “The addition of Circle Bolt & Nut to our Optimas family is another positive step forward in accelerating the execution of our growth strategy and company transformation,” stated Anesa Chaibi.
About Optimas OE Solutions Holdings, LLC (“OPTIMAS”)
Optimas es el principal distribuidor mundial industrial y proveedor de servicios especializado en soluciones de fijación y cadena de suministro para fabricantes que buscan mejorar la eficiencia y la rentabilidad. Cuidamos los detalles para que pueda concentrarse en la fabricación de productos de vanguardia, brindándole una ventaja competitiva sin igual.
About Circle Bolt & Nut Co., Inc.
Circle Bolt & Nut Co., Inc. is an international supplier of fasteners, specialty hardware, and value added services with worldwide sourcing and distribution capabilities. Since 1979, CBN has grown from one facility in Northeast Pennsylvania to national coverage through seven full service branches and other satellite warehouse and service locations.
© 2018 Optimas OE Solutions, LLC
Optimas OE Solutions Holdings, Inc. LLC Kacey Komloski Communications Coordinator T 1-224-999-1000 https://www.optimas.com