AMERICAN NEWS AEA Investors acquire controlling stake in Lone Star Fasteners


A private equity firm founded in 1968 by the Rockefeller, Mellon and Harriman family interests has acquired a controlling stake in Lone Star PRD from Trinity Hunt Partners.


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EA Investors LP acquired Houston-based Lone Star, a supplier and distributor of specialty fasteners and gaskets to the oil & gas, power generation and petrochemical industries. Ian Dunkinson was named CEO to lead the reorganization under the new ownership structure. Lone Star PRD will move its group headquarters from Houston to Wolverhampton, UK. “The investment by AEA and


the implementation of a new capital structure gives Lone Star PRD the opportunity to significantly expand our global operational footprint and our industry leading quality and service,” Dunkinson told FIN. Lone Star PRD is expected to generate US$126 million in revenue for 2010, employing 600 workers at facilities in the U.S., UK,


Dubai, Romania, Singapore and China. The Lone Star PRD Group was established in 2007 with the merger of UK-based PRD Holdings Group and US-based LS Precision


Manufacturing Inc. AEA is a private equity investment company founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. It has offices in New York, Connecticut, Germany, UK, Hong Kong and China.


Hillman acquires specialty fastener distributor


Fastener distributor Hillman Companies Inc acquired Servalite, an East Moline, Ill.-based distributor of specialty fasteners and hardware, for an undisclosed sum, the Business Courier reports.


ast Moline, IL-based Servalite has two U.S. distribution centers, including a 115,000 sq ft warehouse/office complex, with more than 160 sales reps and about 200 employees, according to the company’s website.


Founders Tom and Jennifer Rower will reportedly remain


with the company, which was started in 1979 and had more than US$20 million in 2009 revenue. Founded as a fastener company in 1964, Cincinnati, OH-


based Hillman is a value-added distributor of over 60,000 SKUs, including fasteners, key duplication systems, engraved tags and related hardware items to over 21,000 retail customers in the U.S., Canada, Mexico and South America. Hillman’s customer portfolio includes Ace Hardware, True Value, Lowe’s, Home Depot, Tractor Supply, Walmart, Menards and Do it Best Corp.


FIN launches Article Store


For the first time individual FIN articles are available online at GlobalFastenerNews.com Article Store.


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cut in half between 2004 and 2009, reducing demand for coatings, adhesives and sealants at the original equipment manufacturer (OEM) level. Through 2014, however, this segment of the market will drive overall gains as vehicle production expands rapidly from a depressed base.


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Heads & Threads launches Socket Screw division Heads & Threads International launched a new division - Socket Screw Supply - to expand its socket products.


3 will stock a full line of socket products, including new sizes and pack quantities, standard and nonstandard sizes, inch and metric, and nylon patch, pellet & plated products. Products include socket, flat and button head cap screws, socket shoulder screws, socket set screws, square head set screws and dowel pins. S3 products will be available online: socketscrewsupply.com or from HTI sales representatives.


28 Fastener + Fixing Magazine • Issue 67 January 2011


hanks to the new Article Store, a variety of published items from news articles, features, technical articles, fastener stock reports and the 2011 FIN Calendar are available. Most articles remain exclusive for FIN


subscribers. Some broader interest articles will be posted in the Article Store for individual purchase. In addition to FIN articles, technical and other articles by outside authors are available. Technical writers may submit articles to sell on the Article Store. In the past, subscribers received the annual FIN Stock Report


and non-subscribers could buy the full report for US$95. Now it is possible to buy individual company stock reports for US$10. FIN subscribers will continue to receive news and special


reports. Articles posted in the Fastener History section of GlobalFastenerNews.com and the Obituaries from 1979 to 2010 are free anytime.


U.S. adhesives demand grows amid automotive rebound


U.S. demand for coatings, adhesives and sealants used in the automotive industry is forecast to reach US$5.6 billion in 2014, a Freedonia Group study finds.


his represents a significant rebound from the declines of the 2004-2009 period, when the market was adversely impacted by the global economic downturn.” The U.S. motor vehicle industry was particularly hard hit by the weak global economy, as falling consumer confidence and a tightening in credit markets severely restricted new vehicle purchases. As a result, vehicle output was nearly


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