Würth Group has acquired House of Threads

Lincoln International (“Lincoln”), a premier global mid-market investment bank, is pleased to announce that it served as the exclusive buy-side financial advisor to Künzelsau, Germany-based Würth Group (“Würth”) in the acquisition of Birmingham, Alabama-based House of Threads, Inc. (“House of Threads” or the “Company”), a leading provider of assembly material and other C-parts to OEM and commercial construction companies throughout the Southeast U.S. and Central Mexico. House of Threads now operates under the Würth Industry of North America (“WINA”) family of companies as Würth House of Threads, Inc. The terms of the transaction were not disclosed.

House of Threads was founded in 1963 by the Yeilding family. Today, the Company employs 108 professionals across 11 distribution centers in the U.S. and three locations in Mexico. House of Threads distributes fasteners and class C production components to commercial construction customers, as well as to OEMs focused on agricultural machinery, industrial machinery and equipment, and transportation and logistics. It currently serves more than 1,200 active customers.

The addition of House of Threads will enable Würth to continue to execute its strategy of expanding its core assets into profitable, complementary market segments and locations. Specifically, House of Threads bolsters WINA’s presence in the Southeast U.S. and Mexico, strengthening its long-term strategy. Würth expects to enhance House of Threads’ service offerings through VMI solutions, engineered sales support, global sourcing and more.

Marc Strandquist, Würth Executive Vice President, stated that they are looking for House of Threads to be a “national leader in the construction fastener market,” adding that it has been an “iconic brand in the fastener distribution industry since the 1960s, and we couldn’t be more proud to have the Yeilding brothers, Foster and Lee, be a part of our team.”

Foster Yeilding, President of Würth House of Threads, stated, “On behalf of our employees and the Yeilding family, we are excited to be joining the Würth team. I want to thank everyone who has made the vision of providing excellent customer service and quality products a reality and for their relentless effort to make House of Threads the industrial distribution sector’s supplier of choice. Würth immediately brings a wealth of knowledge and logistics solutions that propels us into an accelerated phase of growth. This consolidation will allow Würth House of Threads to enhance our customer service to existing accounts and support additional customers within the construction and OEM industries in the most professional manner.”

This acquisition represents the second completed transaction within the past six months in which Lincoln has advised Würth. The first transaction was the acquisition of Iowa-based, Des Moines Bolt Supply, Inc. (n.k.a., Würth Des Moines Bolt, Inc.), a leading distributor of industrial fasteners and supplies to the U.S. Midwest, in October 2015.

About Würth Group and WINA

The Würth Group is the world’s market leader in its core business, the trade in assembly and fastening materials. According to the preliminary annual financial statement, the Würth Group generated Euro 11.05 billion in sales in the business year 2015. It currently consists of more than 400 companies in over 80 countries with more than 69,000 employees on its payroll. In the core business, the product range for trades and industry comprises over 125,000 products, from screws, screw accessories, anchors and tools to chemical-technical products and personal protective equipment. Further information about Würth can be found at www.wuerth.com.

Headquartered in Indianapolis, Indiana, WINA provides C-part solutions to a variety of end markets and customers through its more than 50 stocking locations. Further information about WINA can be found at www.wurthindustry.com.

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