Strongsville’s Stelfast Inc. has been acquired by Lindstrom LLC, a Harbour Group company. Terms were not disclosed.
"We are excited to work with the Lindstrom team as we continue to grow our business and enhance our customer experience," said Simmi Sakhuja, president and second-generation owner of Stelfast, in a statement. "The Lindstrom team and culture are a great fit with Stelfast. These two companies are uniquely suited to serve our customers with an enhanced service capability and we are eager to demonstrate this to the market."
Stelfast is a stocking master distributor of fasteners and specialty parts with 10 distribution locations across North America. It currently serves customers across North America with more than 12,000 different products. The entire Stelfast executive team will remain with the business.
"Stelfast focuses on service and flexibility to meet the needs of its distributor customers by offering a broad product line with great customer service," said Jeff Fox, Harbour Group's chairman and CEO, in a statement. "As we have gotten to know the team, it has become clear that Stelfast's customer-first mentality is deeply ingrained in the organization. This mentality aligns well with Lindstrom and the product offering is highly complementary, which will further enable the combined business to meet its customers' specific needs."
Neil Yeargin, president and CEO of Lindstrom, said in a statement, "This acquisition expands not only our physical footprint and product offering, but also enhances our service levels and ability to meet all of our customers' needs."
