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The acquisition of a South Carolina-based fastener manufacturer supports Portland Bolt’s expansion into the Southeast.
Author
- Vesna Brajkovic
Date
- June 7, 2024
- TypeNews
Portland, Oregon-based anchor bolt and custom fastener manufacturer Portland Bolt & Manufacturing Co. acquired the South Carolina manufacturing and galvanizing operations of Southern Anchor Bolt Co.
The acquisition complements Portland Bolt’s strategy to expand its U.S.-based manufacturing footprint into the East.The combined company will offer an increased selection of made-to-order galvanized or plain anchor bolts, rods, studs and other manufactured and distributed products. Together, the footprint will allow the companies to reach all of its US customers within two business days, company officials said in a June 3 news release.
“Portland Bolt has a significant customer base on the East Coast, and this acquisition strengthens our ability to provide the best customer service and delivery to new and existing customers,” CEO of Portland Bolt Blake Ray said.
Leslie Yanizeski, President of Southern Anchor Bolt, will continue to manage the daily operations.
“The opportunity for our employees and the additional product offerings and locations for our customers will have a positive impact, enabling continual growth coast-to-coast,” Yanizeski said.
Portland Bolt’s Growth
In April, Portland Bolt began construction on its 47,000-square-foot expansion of manufacturing and warehouse space.
The addition will result in a total of 141,000-square-feet of space, nine dock doors and an acre of outdoor storage. This will coincide with the addition of new products and manufacturing capabilities, company officials said on their website.
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About the Author
Vesna Brajkovic is MDM's Senior Editor, having joined the company in May 2023. She has more than seven years of experience as a B2B publication editor, having focused on the commercial trucking, railroad, transit, fleet maintenance, automotive aftermarket and aviation industries. Brajkovic most recently spent the past two-plus years as Managing Editor of Heavy Duty Trucking for Bobit Business Media — where she reported and edited news and features on the commercial trucking industry, managed eNewsletters and social media, coordinated print magazine production and developed content for events and multimedia such as podcasts and videos. She can be contacted at vesna@mdm.com.
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