Titan Fasteners Buys Atlas Screw
Titan Fasteners Buys Atlas Screw
Jason Sandefur
Titan Fastener Products Inc. acquired Atlas Screw & Specialty from Heads & Threads International, Titan president Eric Kuchar announced. \Terms of the deal were not disclosed. Brunswick, GA-based Titan is a 15-year-old master distributor of packaged fasteners.
“This basically doubles the size of Titan Fasteners,” Kuchar told FIN.
Titan will consolidate Atlas operations in New Bedford, MA, and Sayreville, NJ, into a 45,000 sq ft facility at 114 Melrich Rd., South Brunswick, NJ 08512.
Former Atlas president Rich Megliola was named executive vice president of Titan. Megliola will manage the South Brunswick operations.
Upon integration, Titan will have about 75 employees at facilities in Brunswick; Elk Grove Village, IL; and South Brunswick.
Kuchar said Atlas would solidify Titan”s presence in New England.
Titan CEO Joe Kuchar said the rationale behind the purchase was simple.
“Growing the business one account at a time takes too long in today”s marketplace,” he explained to FIN.
Titan is headquartered at 2627 Sidney Lanier Dr., Brunswick, GA 31525. Tel: 800 789-8112 Fax 912 262-6401 E-mail: eric.kuchar@titanfasteners.com Web: titanfasteners.com �2004 FastenerNews.com
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