Global Fastener News

1990 FIN – Bisco Planning Expansion

July 02
00:00 2010

January 31, 1990 FIN – Bisco Industries Inc. is seeking to expand through acquisition of Bell Industries.

Bisco owner and CEO Glen Ceiley told FIN he has submitted a buyout offer for the outstanding shares of Bell Industries Inc., a distributor of electronic components. Ceiley is already a Bell shareholder.

Bell Industries got out of the fastener business during 1989 by selling Rush Industries, a New England-based distributor of specialty fasteners, such as screw thread inserts. Bell now distributes electronic connectors and semi-conductors.

Southern California-based Bisco would not gain any new fastener lines by acquiring Bell, but Ceiley is hoping to fit the acquisition into a larger plan to refocus its marketing efforts, including its fastener business.
Ceiley explained that Bisco plans to develop three marketing arms. The first would handle Bell Industries lines. The second would focus on specialty electronic and aerospace parts and hardware, including specialty application fasteners. The third will handle the company’s lines of generic fasteners for the aerospace and electronic industries.

Founded 17 years ago, Bisco now operates five stocking warehouses, including its headquarters in Anaheim and an electronic sales office in Sacramento, California.
Bisco has branches in Woburn, Massachusetts; Arlington, Texas; Franklin Park, Illinois; and San Jose, California, and is headquartered at 1620 Clementine Ave., Anaheim, CA 92802. Tel: 714 635-0380. ©1990/2010 Fastener Industry News

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