Harbour Group Acquires Lindstrom Metric

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Jul 19, 2011, 03:23 ET

ST. LOUIS, July 19, 2011 /PRNewswire/ -- Harbour Group has acquired Lindstrom Metric LLC, Jeff Fox, Harbour Group's Chief Executive Officer, announced. Terms of the transaction were not disclosed.

Lindstrom, founded by Virgil "Virg" Lindstrom, is the leading manufacturer and master distributor of metric fasteners in North America. From its headquarters in Blaine, Minn., and through its other distribution centers in Illinois, New York and South Carolina, Lindstrom serves a nationwide client base of leading industrial distributors. The company delivers an unmatched value proposition to its customers through its product breadth and depth, technical expertise, reliable product availability and delivery, and custom capabilities -- enabling distributors to reduce their carrying costs, improve cash flow and better utilize their available capacity while still providing prompt, reliable service to their end customers.

"Lindstrom is an outstanding company," Mr. Fox said. "We've been impressed with Virg and his team from day one. They have an unwavering dedication to having exactly what their customers need when they need it and to providing the absolute best customer service. We couldn't be more pleased to be partnering with Virg and his team."

Mr. Lindstrom commented, "Harbour Group has strong operational and industry experience. It operates with a sense of urgency, and it's known for its integrity. I and the other members of our management team believe that Harbour will be an excellent partner for our company, our customers and our vendors."

Harbour Group is a privately owned company based in St. Louis, Missouri. Harbour Group and its operating companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including specialty LED systems, logistics services, automotive-enthusiast products, decorative kitchen and bath hardware, abrasives, diamond cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 167 companies in 34 different industries.

SOURCE Harbour Group