Global Fastener News

1990 FIN – Pawtucket Acquires Atlas Screw

October 05
00:00 2012

August 17, 1990 FIN – Pawtucket Fasteners, Inc., Pawtucket, Rhode Island, has acquired Atlas Screw & Specialty, Elizabeth, New Jersey, from Sun Distributors L.P.

Atlas, a supplier of packaged fasteners and parts to industrial resale markets, was founded in 1953 and acquired by Sun in 1978.
According to David Hirsch, president of Pawtucket Fasteners, Atlas will continue to operate as a separate company under the direction of David Karle, who’s been general manager at Atlas for the past four years, and Gary Scottlander, vice president of sales, who’s also been with the company for four years.

Pawtucket Fasteners is a major supplier of corrosion resistant fasteners through its headquarters in Pawtucket as well as branch locations in Elk Grove Village, Illinois; Santa Fe Springs, California; Houston, Texas; Charlotte, North Carolina; Cleveland, Ohio; Tampa, Florida; Toronto, Ontario; and Vancouver, British Columbia.

Bell Fasteners, a supplier of corrosion resistant fasteners located in Pawtucket, and Stillwater Fasteners, a manufacturer of corrosion resistant fasteners located in Freetown, Massachusetts, operate as independent sister companies of Pawtucket Fasteners.

The acquisition of Atlas represents the group’s first major venture into product areas other than corrosion resistant fasteners. Atlas, however, has similar sales outlets into various industrial resale markets, which are characteristic of the other three, according to Hirsch.
Hirsch also told FIN that the acquisition of Atlas fits into the long terms growth plans of Pawtucket Fasteners. When asked whether Pawtucket’s long-term growth plans included any further acquisitions, Hirsch said that the company has enough to take care of at present. It’s our guess, however, that Pawtucket Fasteners, which is owned by the Hirsch and Alperin families, may be keeping its eyes open for additional opportunities down the road. ©1990/2011 Fastener Industry News
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