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Alabama Manufacturer Grows Inventory through Acquisition
Pubdate:2017-12-04   Source:Birmingham Business Journal  

An Alabama steel fastener company's inventory has grown exponentially.


Threaded Fasteners Inc. announced it acquired the inventory of a company based in Mississippi. The new addition includes 5,000 different types of parts totaling more than a million on 111 pallets. Financial terms of the deal were not disclosed.


The materials were shipped to company headquarters in Crichton in Mobile County.


"All of our other locations now have access to the extra inventory," said Jarrad Douberly, vice president for commercial sales at Threaded Fasteners. "It's ready to be distributed across the country as soon as our customers need it."


Threaded Fasteners has $4.5 million worth of inventory in six distribution warehouses in Alabama, Florida, Mississippi, Oklahoma and Tennessee.


With more than 140 employee owners, it supplies customers from industries such as power generating utilities, chemical and electrical, commercial marine, construction, stainless steel fabricators, metal building manufacturers and Department of Transportation fabricators.

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