CONFAST, Inc. Acquired
Richmond,
VA-- FastBird, Inc., a private
Richmond, Virginia-based corporation, acquired the assets of Confast, Inc., of
Springfield, Virginia, effective December 8th.
Terms of the deal were not disclosed.
Confast manufactures structural steel construction-grade fastener brackets that
are used for joining lumber and timbers, and in other heavy construction
applications. Confast developed the extensive line of connectors and
brackets in the late 1970's. The products are marketed nationwide through
hardware stores, home improvement centers, lumberyards and building supply
dealers.
The
company, which will operate as Confast, Inc., has relocated to Phipps &
Bird, Inc.s Richmond production facility.
"Co-locating Confast with our other manufacturing operations
provides a number of operational and production synergies, explains Wes
Skaperdas, president Phipps & Bird. Skaperdas
went on to note: Its our
first venture into the world of retail products: Doing it with an established product line offsets some of the
uncertainty we might otherwise experience.
Phipps
& Bird was founded in 1925 by Lloyd C. Bird (who later became a Virginia
state senator) as a laboratory supply and chemical distributor.
The company became independently owned in 1999.
In 2000 it acquired Intelitool, a company that develops educational
physiology software.
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