Global Fastener News

1988 FIN – Cardinal Acquires Stelfast Production Equipment

March 18
00:00 2012

February 17, 1988 FIN – Cardinal Fastener & Specialty Co. Inc. has acquired the equipment previously owned by the hot heading division of Stelfast Fasteners Inc.

According to Cardinal president John Grabner, the transfer of equipment significantly increases the hot forming capacity at Cardinal, which also plans on serving former Stelfast accounts.

To accommodate an anticipated 50% increase in volume, Grabner told FIN, the company plans on expanding into 40,000 sq ft of additional space at its current facility an will increase its number of employees from 80 to about 100. This space, part of Cardinal’s existing 90,000 sq ft building, was previously leased to another company.

Cardinal has added Joel Hunger to its inside sales team, bringing its total number of reps to nine. Hunger, with 11 years of experience in fastener sales, will join the company’s Commercial Sales Division.

Cardinal Fastener is a hot former of large and long length (up to 5 in.) bolts, either hex, square or socket head, which are made from all grades of carbon, alloy and stainless steel. It also makes studs and special forgings.

Originally founded in 1968 by Cardinal America, the company was acquired by John Grabner in 1983, at which time it had 23 employees.

Cardinal is located at 5185 Richmond Rd., Bedford Heights, OH 44146. Tel: (216) 831-3800.

Footnote: Stelfast Fasteners (which in not affiliated with Stelco, Inc., of Canada – only the names sound the same) sold its hot forming division to concentrate on its other two divisions, which are cold forming and distribution. Grabner tells FIN that Cardinal will consider some of the former Stelfast employees to fill positions in the expanding facility. ©1988/2014 Fastener Industry News

For information on permission to reuse or reprint this article please e-mail: FIN@GlobalFastenerNews.com.

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