Global Fastener News

1983 FIN – Portland Bolt Acquires Jersey Bolt

October 03
00:00 2014

May 15, 1983 FIN – Portland Bolt & Mfg. Co., Portland, Oregon, which acquired the business of Jersey Bolt, Bayonne, NJ on April 18 is wasting no time in getting things turned around at its new acquisition. The 65,000 sq. ft. facility has already been rewired, raw material inventory has been replenished, equipment is being modernized and replaced, additional phone lines have been added, and a new inside sales staff is being recruited and trained.

The acquisition of Jersey Bolt, which is 68 years old, by Portland Bolt, which dates back to about 1912, brings together two companies with 139 years of fastener manufacturing between them.
Jersey Bolt was originally established in Newark, NJ, as Jersey Bolt & Spike and moved to Bayonne in the early 1950’s when it merged with Bayonne Nut & Bolt.
Portland Bolt was originally set up about three blocks from its present location in Portland and was sold by its former owner to Mel Peters, the present owner and president, about 10 years ago.
There are now about 30,000 sq ft of manufacturing space.
The product lines of Portland Bolt and Jersey are almost identical.
Together the two plants produce ASTM hot forged bolts, anchor bolts, U bolts, J bolts, carriage bolts, lag screws and railroad bolts.
The Portland facility turns out mostly construction type products, 3/8” through 2-1/2” diameter and can thread through 6-5/8”.
The Jersey facility can head through 3 inch diameters.
Products made at Bayonne which are not made in Portland include a variety of railroad spikes ad a line of bimetallic anchor bolts used mostly for guard rails along highways which are subject to highly corrosive atmospheres.
Sales of products from the Bayonne plant, which will be operated as a division of Portland Bolt, are the responsibility of Brian Sonnenberg, sales manager of Portland Bolt, who has been with that company for seven years. In the east, a new manufacturers rep has been appointed to handle outside sales in that area. ©1983/2014 Fastener Industry News.
For information on permission to reuse or reprint this article please e-mail: FIN@GlobalFastenerNews.com

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