FLORENCE, AL – Martin Fastening Solutions, a subsidiary of Martin Inc., announced on September 7 the acquisition of Capital Bolt & Screw (CB&S), headquartered in Jackson, MS. CB&S was founded in 1963 and has grown into one of Mississippi’s oldest and most diverse private distributors in the south.
Jerry Gibson, President of CB&S, bought the company in 1981 and made it a successful OEM fastener distributor with services that include Vendor Managed Inventory (VMI), 3PL services for international customers, and services integrated.
“For 40 years, CB&S has remained true to our core value of appreciating client relationships and managing all aspects of our business with the utmost integrity,” said Jerry. “When we decided to sell CB&S, we wanted to make sure that our customers would continue to receive the same exceptional level of service. We saw it with Martin. ”
In 1997, Martin added the Fastening Solutions business line to its operations headquartered in Jackson, Tennessee. “We have invested heavily in our OEM / Fastening Solutions business unit over the past five years and have established a foundation upon which we can build. said Douglas Ruggles, co-owner of Martin Inc. and president of Martin Fastening. “The next step in our evolution has been to find the right distributor to join our current business and help us expand our OEM fastener footprint and customer base. I knew CB&S was a good choice from the start. Their core values and ours align perfectly. We could not be happier that the entire CB&S team is part of the Martin team and offers our full portfolio of products and services to their customers to help them run better..“
CB&S is Martin’s fourth acquisition in the past two years.
Founded in 1934 and headquartered in Florence, AL, Martin Inc. is a leading national provider of bespoke solutions for Maintenance, Repair and Operation (MRO) supplies to the industrial and construction markets. . Martin offers a wide variety of industrial, security, integrated procurement and fastening products and services, all uniquely designed to help businesses run better. Martin is a member of the Affiliate Distributors, the Industrial Supply Association, the National Association of Wholesalers, the National Fasteners Distributor Association, and the Global Sourcing Alliance.