Elgin Fastener Completes Acquisition of Telefast Industries

Elgin Fastener Group, LLC (EFG) announces it has completed the acquisition of Telefast Industries Inc., of Berea, OH.

Jeff Liter, EFG CEO, comments, “Telefast is a natural fit for our acquisition strategy as they expand our manufacturing capabilities to include the cold heading of internally threaded fasteners. The addition of Telefast also offers us cross selling opportunities with customers who buy from both Telefast and our other plants. In turn, EFG is committed to growing the Telefast operation by expanding both their sales reach and their capabilities.”

Founded in 1986, Telefast Industries was launched as a manufacturer of internally threaded fasteners, initially supplying the distribution industry. Today the company is a fully integrated manufacturer providing both internally and externally threaded products to many different markets, including distribution, automotive, agriculture, construction, government and after-market/MRO.

Elgin Fastener Group is now comprised of eight leading domestic specialty fastener manufacturers: Ohio Rod Products, Leland Powell Fasteners, Chandler Products, Silo Fastener, Landreth Fastener, Quality Bolt & Screw, Northern Wire and Telefast Industries.