Optimas OE Solutions Holdings, Inc. LLC announced today the acquisition
of the US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston,
PA. “We are pleased to have Circle Bolt & Nut join our team. We are
convinced that this is the right investment for Optimas to expand beyond
our current base of business,” stated Anesa Chaibi, Chief Executive
Officer. The acquisition supports the Optimas growth strategy into
product adjacencies and enhanced MRO capabilities.
Jim Castellino, CBN President & CEO, added, “I’m very excited for our
company to become a part of the Optimas family. Together we will be able
to provide exceptional value to our customers.” As a premier supplier of
a wide variety of parts and components, CBN services Original Equipment
Manufacturers and Maintenance Repair Operating needs of industrial
companies by providing Vendor Managed Programs that utilize state of the
art technology. “Circle Nut & Bolt enables Optimas to accelerate our
expansion into small and medium sized accounts,” said Christian
Wiltrout, President, Americas.
The transaction also diversifies the portfolio of Optimas customers
across multiple industries. “The addition of Circle Bolt & Nut to our
Optimas family is another positive step forward in accelerating the
execution of our growth strategy and company transformation,” stated
About Optimas OE Solutions Holdings, LLC (“OPTIMAS”)
Optimas is a leading, global provider of integrated supply chain
solutions and engineering support focused on delivering highly
engineered custom fasteners and other “C” Class components, such as
fittings, clamps, bearings, and rivets, to our global customer base of
large, industrial companies as well as small and medium-sized companies.
Optimas specializes in the delivery of highly engineered fastener
hardware and components across multiple industries and continents.
About Circle Bolt & Nut Co., Inc.
Circle Bolt & Nut Co., Inc. is an international supplier of fasteners,
specialty hardware, and value added services with worldwide sourcing and
distribution capabilities. Since 1979, CBN has grown from one facility
in Northeast Pennsylvania to national coverage through seven full
service branches and other satellite warehouse and service locations.
© 2018 Optimas OE Solutions, LLC
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