Hodell-Natco Acquires Davco Fastener Company: A Strategic Fit to Ensure Future Growth

摘要

Hodell-Natco Industries acquired Davco Fastener Company on December 1, 2017. The move was a strategic one that gives Hodell-Natco a stronger foothold in the OEM market. Kevin Reidl, president of Hodell-Natco, worked together with Dave Potts, president and owner of Davco Fastener Company, on this mutually beneficial transaction. Hodell-Natco President Kevin Reidl views the acquisition as the perfect step in Hodell-Natco's growth strategy. "You don't often come across another business that is so wholly aligned to your own business both strategically and philosophically," he said. From a product standpoint, the acquisition provides Hodell-Natco with very logical product line extensions. Davco Fasteners offers additional custom and specialized product lines, which will allow Hodell-Natco to appeal to a broader customer base. "The similarities between the two companies are profound," Reidl said. Regarding services, both companies are experts at key value-added services, especially vendor-managed inventory. There are also geographical overlaps in their service areas, which will be key in making the transition seamless to Davco customers. Both companies are family-owned businesses that take great pride in the personalized service they offer their customers. "Our shared values for integrity and strong customer relationships makes this more than just your typical acquisition," Reidl said. "It's a true fit that accelerates our growth in the OEM marketplace."