(February 14, 2014) – Rockwood Equity Partners, a private investment firm based in Cleveland and New York, announced today that its portfolio company, AFC Industries, Inc., has merged with Dell Fastener Corporation, a distributor of fasteners and provider of supply chain logistics to original equipment manufacturers worldwide. Dell, headquartered in Pittsburgh, PA with an additional facility in Georgia, will operate as a division of AFC and continue to be led by General Manager Doug Kortyna.
Founded in 1987 and based north of Cincinnati in Fairfield, OH, AFC distributes and provides vendor managed inventory programs for a broad array of standard and specialized fasteners and other industrial “C-Items” and components sourced from a broad global supplier base. In addition to providing inventory management and replenishment services, AFC’s service offerings include testing, quality assurance, assembly, kitting, packaging and private labeling.
Since recapitalizing AFC in 2012, Rockwood has worked closely with its senior management team to execute a growth strategy focused on strong customer service, expanded product offerings, strategic acquisitions and extended market reach.
“We were very impressed by Dell’s customer-focused culture, strong management team and dedicated employees,” said Scott Viel, General Manager of AFC. “The two organizations both share the same unwavering commitment to ensuring the success of our customers’ manufacturing and assembly operations.”
“We look forward to working together with AFC to continue to provide our customers with exceptional service and a strong value proposition around the sourcing and management of fasteners and other production ‘C-Items’ for their assembly operations,” said Kortyna. “We expect that the expanded footprint provided by our partnership with AFC will help us to deliver even better service to customers of both companies in the future.”