Optimas OE Solutions Holdings, Inc. LLC has acquired US-based Circle Bolt & Nut Co., Inc. headquartered in Kingston, Pennsylvania, which also has branches in seven other US states.
“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.
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.” CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing vendor managed programnes. Since 1979, CBN has grown from a single operation in Northeast Pennsylvania to national coverage through seven branches and other satellite warehouses and service locations. “Circle Nut & Bolt enables Optimas to accelerate our expansion into small and medium sized accounts,” said Christian Wiltrout, Optimas President, Americas.
The acquisition 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.
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 17 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.
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