Motor City Industrial has acquired Quality Fastener and Supply Co., the third acquisition by the value-added distributor of fasteners and related consumable industrial products. The deal further expands product and service offerings available to customers from diversified sectors and geographies.
Quality Fastener and Supply is a distributor of industrial consumables and ancillary products based in Oxford. Founded in 1982, the company offers supply chain solutions for over 15,000 SKUs, serving a mix of blue-chip customers and local businesses through vendor managed inventory programs and maintaining an inventory of mission-critical components for just-in-time delivery.
“We are excited to have the Quality Fastener team join Motor City Industrial and look forward to our future together,” Motor City Industrial CEO Joe Stephens said in a statement. “Jim Hiatt and John Shepard have built a tremendous company and we are thankful they have trusted us to continue this legacy.”
Motor City Industrial is backed by Kian Capital Partners and Oakland Standard Co. Both firms are experienced in the industrial distribution sector and committed to additional partnerships that will expand Motor City Industrial's products, services and geographic footprint.
Motor City Industrial specializes in supply chain management solutions for customers across a diverse set of industries by offering a full suite of solutions, including process map consulting, consumption analysis and vendor managed inventory.