Mobile-based Threaded Fasteners Inc. has continued its multi-state expansion with the acquisition of Tampa, Fla.- based Bolt & Nut Inc.
According to information released by Threaded Fasteners, the company opened a Tampa office in 2013. Its employees will now join the 21-member Bolt & Nut team at its 46th street location, which “offers more than 50,000 square feet of manufacturing space and sales offices near the campus of the University of South Florida.”
Overall, Threaded Fasteners describes itself as an employee-owned business with a staff of more than 160 and $4.5 million in inventory across six distribution warehouses in Alabama, Mississippi, Florida, Oklahoma and Tennessee.
MOBILE, Ala. (January 5, 2018) – Threaded Fasteners Inc. (TFI), an employee owned business specializing in the manufacturing, custom packaging and distribution of steel fasteners, has acquired Bolt & Nut Inc., a Florida-based manufacturer and distributor of fasteners founded in 1977 in Tampa, FL.
Threaded Fasteners Inc. is joining forces with the Bolt & Nut sales and manufacturing teams to create an even more dynamic platform to serve commercial and industrial clients in Florida and the Southeastern U.S., said TFI president Billy Duren.
In 2013, Threaded Fasteners opened a location in Tampa on Currie Davis Drive. After Jan. 5, 2018, the TFI team will merge with the 21-member Bolt & Nut Inc. staff to do business at the Bolt & Nut location on 46th Street. The facility offers more than 45,000 square feet of manufacturing space and 5,000 square feet for sales offices.
Bolt & Nut Inc. Founder and Owner, Bob Cornett said a shared belief in Christian values paved the way for the acquisition of Bolt & Nut Inc. by Mobile, Ala.-based Threaded Fasteners.
While other businesses approached Cornett about selling his manufacturing firm over the years, the timing, he said, had never been right until now.
“From the first time I met Billy (Duren, TFI President) and David (Spurlock, TFI Senior Vice-President), we had a common bond and that was the Lord,” Cornett said in a December 2017 interview. “It was truth right off the bat. If it hadn’t been for the Lord, I don’t think this would have ever happened.” (Photo: Bob Cornett)
Duren said it is the goal for Threaded Fasteners Inc. to continue building on the solid foundation and principles Cornett spent four decades cultivating in Tampa and across the globe.
“Bob Cornett has such an incredible story of success you just can’t help but be intrigued,” Duren said. “I’ve discovered Mr. Bob’s word is as good as a 40-page legal contract. I have come to greatly admire him and in the past few months we have forged a genuine friendship.”
With nearly 53 years in the manufacturing business, Cornett believes now is a great time to invest in Florida. The Tampa Bay area is experiencing tremendous growth in the form of long-term construction projects and other initiatives.
“I see tremendous potential in this area,” Cornett said of southwest Florida. “I think there’s going to be a boom for at least the next five to eight years.”
Inspirational program to target individuals, teams and corporations on January 17 at the Country Club of Mobile
MOBILE, Ala. (December 19, 2017) – The Mobile and Northwest Florida section of Associated General Contractors (AGC) Alabama is delighted to announce renowned motivational speaker and author Dr. Kevin Elko will deliver the keynote address during its 2018 Annual Luncheon. Local businesses and their leadership teams are encouraged to attend this timely event.
Elko, a celebrated leadership and performance consultant, focuses a substantial portion of his time helping organizations in the areas of leadership, goal setting and myriad other motivational topics. During the two-hour lunch event beginning at 11 a.m. Wednesday, January 17, 2018 at the Country Club of Mobile, he will present “Inspiring Individuals, Corporations and Teams to Greater Success!” The cost is $50 per person, and reservations can be made by calling (251) 610-6715.
“We are happy to have Dr. Elko speak to our group for our annual meeting and hope Alabama AGC members and guests will take advantage of this opportunity to hear his impactful message,” said Charlotte Kopf, manager/administrator for the Association’s Mobile section, adding, “We are especially grateful to Threaded Fasteners for serving as our title sponsor which allowed us to secure Kevin Elko as our speaker.”
Billy Duren, President of Threaded Fasteners said “Kevin Elko will put you in a three-point stance for the new year. His platform with corporate America, professional and college athletics at the highest levels gives Dr. Elko a unique perspective to bring a challenging message to all who will be in attendance.”Continue reading
The money was raised through a charity golf tournament Mobile-based Threaded Fasteners Inc. has sponsored for 11 years. While the Oct. 7 event planned at Robert Trent Jones Golf Trail in Mobile was canceled because of severe weather, teams and businesses that pledged funds through the tournament maintained their commitments.
“It was extremely disappointing when the weather came in and we had to cancel the golf tournament. Yet, what a testimony to see the commitment of our business partners never waiver in their support,” said Billy Duren, president of Threaded Fasteners Inc. “I am so grateful for the platform we have to serve Team Focus. Our company works on this tournament for months and truly embraces the vitally important mission of Team Focus. We are honored so many people continue to help us support Team Focus. What Coach Mike and Mickey Gottfried do to positively influence boys and young men through Team Focus is desperately needed in our world.”Continue reading
The Mobile and Northwest Florida section of Associated General Contractors (AGC) Alabama says renowned motivational speaker and author Dr. Kevin Elko will deliver the keynote address during its 2018 Annual Luncheon. Elko focuses a substantial portion of his time helping organizations in the areas of leadership, goal setting and myriad other motivational topics. The event begins at 11 a.m. Wednesday, Jan. 17 at the Country Club of Mobile. – News release
Based in Mobile, AL, Threaded Fasteners, Inc. (TFI) employees have a heart for all the communities they serve, and have been involved in charity work since the company’s inception in 1979. By direct donations and fundraising, TFI has impacted the communities where they have locations – Mobile and …
November 20, 2017
Fastener Technology International – “Fastener News Report”, Digital PDF Edition & Flip Book Access – pgs 5 & 6
Threaded Fasteners Inc., of Mobile, is celebrating its 38th anniversary with the launch of a new website featuring its employees, products and charitable foundation. The website can be visited at threadedfasteners.com.
Mobile, Ala. (November 13, 2017) – Threaded Fasteners Inc. (TFI), an employee owned business specializing in the manufacturing, custom packaging and distribution of fasteners, recently acquired the vast inventory of a Mississippi-based fastener firm — some 111 pallets of materials totaling more than a million parts – which is immediately available for its customers across North America.
The stock, purchased from an out-of-state business shifting its focus, included more than 5,000 different types of parts, all transported to Threaded Fasteners National Headquarters in Crichton, Alabama.
“All of our other locations now have access to the extra inventory,” said Jerrad Douberly, Vice President for Commercial Sales at Threaded Fasteners. “It’s ready to be distributed across the country as soon as our customers need it.”
Threaded Fasteners Inc. maintains more than 42 million individual parts in stock to meet the global needs of its clients.
MOBILE, Ala. (November 1, 2017) — There’s a company in Mobile where men and women manufacture and distribute nuts, bolts and screws that are packaged and sold to industries across North America. While the threaded fasteners can be as small as one-eighth inch in diameter, they play a mighty role in holding buildings together, making sure giant utility towers stay bolted to the ground and keeping hurricane shutters firmly in place during powerful storms.
Threaded Fasteners Inc. (TFI) — a 140-member employee-owned firm — operates a manufacturing plant in Semmes, Ala., where anchor bolts and specialty headed products are built by local crews on two-shifts to meet the growing demand for quality materials.
Founded in 1979 by brothers-in-law Frank Martin and Steve Sholtis and a handful of staff members and investors, Threaded Fasteners has grown from modest beginnings (a chop saw and a rigid pipe threader in a borrowed warehouse) to become one of the largest fastener manufacturers and steel bolt distributors in the southeast.Continue reading
Mobile, AL (October 12, 2017) –Threaded Fasteners, Inc. (TFI), an employee owned business specializing in the manufacturing, custom packaging and distribution of steel fasteners recently welcomed Stateline Fasteners of Rossville, Ga., to its growing family of businesses.
“Stateline’s entire team will be joining forces with the TFI team already established in Chattanooga, Tenn., to serve our expanding market in Tennessee and north Georgia,” said Billy Duren, president of Threaded Fasteners, Inc. “Stateline’s staff brings a wealth of knowledge to our company. With this new customer-base we look forward to broadening our footprint in the region.”
Opened in 2016, TFI’s Chattanooga office is located at 806 N. Holtzclaw Ave., Suite A. Stateline’s previous staff members are now working at this location. Inventory from the Georgia business also has been acquired by Threaded Fasteners. The TFI Chattanooga branch team can be contacted by email at email@example.com or by calling 423-803-5535.
Founded in 1979 in Mobile, Ala., TFI marks 38 years in business in 2017 as the firm continues to expand operations and launch new ventures. With more than 140 dedicated employee owners, Threaded Fasteners has 181,000 square feet of warehouse space with over 42 million individual parts in stock at its locations in Alabama, Mississippi, Florida, Oklahoma and Tennessee to meet the global needs of its customers.
Mobile, Alabama (September 22, 2017) – Todd Hoffman, Director of Corporate Operations for Mobile, Ala.-based Threaded Fasteners, Inc., has been selected to serve on a committee with Manufacture Alabama, a state trade association that works to enhance opportunities for manufacturers across the state. Hoffman is slated to join the committee for Workforce Development and Human Resources for multi-year terms.
“The workforce development component typically consists of working with schools and secondary education institutions to better prepare students for jobs in manufacturing,” Hoffman said. “On the HR side, participants hear from Manufacture Alabama members and other experts about rules, regulations and sometimes complicated legal matters pertinent to HR professionals in manufacturing.”
Alabama is home to more than 5,200 manufacturing, assembly and processing firms that employ more than 312,000 people and export $8.3 billion in products and services, according to the Alabama Development Office. Manufacturing’s contribution to Alabama’s economy is more than $27 billion annually, according to the National Association of Manufacturers.
Other Threaded Fasteners team members also represent the Mobile, Ala.-based manufacturer of quality nuts and bolts by serving with the trade association. Threaded Fasteners Corporate Counsel, Brian Pugh serves on MA’s Corporate Counsel Committee, while Jerrad Douberly, Vice President of Commercial Sales for TFI, previously served on the Economic Growth and Expansion Committee.
“The committee meetings offer members an opportunity to discuss ideas, ask questions and exchange best practices with manufacturing peers from across Alabama,” Hoffman said. “I’m looking forward to the opportunity.”Continue reading