THREADED FASTENERS, INC. EXPANDS WITH ACQUISITION OF CONSTRUCTION FASTENERS OF MERIDIAN MISSISSIPPI
MERIDIAN, MISSISSIPPI (January 28, 2021) Threaded Fasteners, Inc. (TFI), a 100% employee-owned business specializing in the manufacturing, custom packaging, and distribution of steel fasteners, has acquired Construction Fasteners of Meridian, Mississippi. The acquisition joins Construction Fasteners sales and distribution team with Threaded Fasteners, Inc., expanding its’ reach to better serve the greater Mississippi market.
“We have proudly operated a branch in Gulfport, Mississippi since 2006 and the construction industry in Mississippi has grown exponentially in the past 15 years, this acquisition joins two teams that are dedicated to help better serve Mississippi and neighboring states as construction and infrastructure investments continue to increase,” said TFI president Billy Duren. “We are thrilled to add to our presence in Mississippi by joining forces with the outstanding team at Construction Fasteners.”
Construction Fastener Owner and Founder Craig Melancon said “There may be a new name on our building, but the old faces will still be here! This has been such a seamless experience for us. We feel so fortunate in having this opportunity to join a company team that is customer driven, cost efficient, community supportive and especially faith based.”
“When I first met Billy (Duren, TFI President) and Jerrad (Douberly, Senior Vice President) I realized that Threaded Fasteners was more than just a company. I cannot remember anything that had more of an impact on me than the TFI Family Tree,” said Melancon. The TFI Family Tree hangs in the main conference room of the TFI Home Office and contains the names and anniversary dates of every employee owner. “The tree says so much about who TFI is, I knew then that it was the right fit,” said Melancon.
It was important to everyone involved that the acquisition was a cultural fit. Duren said being employee-owned means this is not only a new branch with new employees, but they are going to be new owners of the company.
Duren said, “as an employee-owned company, we place a high value on how a company’s culture fits in with ours before we move forward with an acquisition.” TFI is dedicated to building upon the foundation that Melancon built and cultivating a lasting relationship with the entire Meridian Community.
“This marks the opening of our eleventh location and is a testament to the hard work of our team. We knew it was a great fit from the start and we cannot be happier to have Craig and the entire team at Construction Fasteners become part of the TFI Family,” says Duren.