Global Fastener News

2005 FIN – Sachs Acquires XL Screw; Wishnew New VP

April 25
00:00 2012

 

November 15, 2005 FIN – Bob Sachs has acquired XL Screw from the Sackheim family and is the new CEO. Sachs, who has been with the fastener importer since 1972 and a stockholder since 1979, has been president and COO since 2002.

Wayne Wishnew was promoted to vice president. Wishnew has been with XL for 27 years. Outgoing CEO Ron Sackheim is retiring.

“The ownership change will not affect our relationships and the way we do business in any way. It will be business as usual,” Sachs assured customers. “We have implemented many new and exciting changes during the past few years, including designing a new state of the art warehouse and headquarters in Lincolnshire, Illinois and adding over 3,000 new stocking items since April 2004.”

XL now has 8,000 product lines and will be adding in the future. XL is building a warehouse in Austell, GA, which is slated to open next summer.

Sackheim and his father, Norman Sackheim, founded XL in 1968.

XL has branches in Atlanta and Cleveland and is headquartered at 195 Schelter Rd., Lincolnshire, IL 60069. Tel: 847 383-2300 or 800 323-7367 Fax 847 383-2345 E-mail: XLW@XLScrew.com Web: XLScrew.com

©2005/2013 Fastener Industry News. For information on permission to reuse or reprint this article please e-mail: FIN@GlobalFastenerNews.com.

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