Posted November 9, 2017

Hillman Group to acquire ST Fastening Systems

The Hillman Companies has entered into an agreement to acquire Hargis Industries LP, doing business as ST Fastening Systems, a specialty fastener manufacturer and distributor based out of Tyler, Texas.

Hillman believes that STFS's core product line of specialty fasteners fits well with Hillman's fastener portfolio. STFS's products are sold to metal building fabricators, hardware wholesalers, and building products distributors in the U.S. STFS's headquarters will remain in Tyler, Texas, and STFS will continue to maintain a distribution center in Cincinnati, Ohio.

STFS will continue to be led by industry veteran Bruce Crouch.

"We are excited to have STFS join the Hillman family," said Greg Gluchowski, CEO of Hillman. "Bruce is a great addition to the Hillman leadership team and we look forward to the contributions that he and his team will bring to Hillman. STFS's product lines and operational capabilities will expand our presence in strategically important commercial and industrial markets."

Crouch said, "I am excited to partner with Hillman to build on the great momentum we have created at STFS to the benefit of our employees and our customers. I would also like to thank Joe Hargis, the founder of STFS, for his vision, passion, and contributions that have made this moment possible."