Optimas OE Solutions Holdings acquires Circle Bolt & Nut Co.

Optimas OE Solutions Holdings Inc. LLC announced the acquisition of the Circle Bolt & Nut Co. located in Kingston, Pennsylvania.

"We are pleased to have Circle Bolt & Nut join our team. We are convinced that this is the right investment for Optimas to expand beyond our current base of business," stated Anesa Chaibi, chief executive officer of Optimas based in Glenview.

The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities.

Jim Castellino, CBN president & CEO, added, "I'm very excited for our company to become a part of the Optimas family. Together we will be able to provide exceptional value to our customers." As a supplier of a wide variety of parts and components, CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing Vendor Managed Programs that utilize state of the art technology.

The transaction also diversifies the portfolio of Optimas customers across multiple industries. "The addition of Circle Bolt & Nut to our Optimas family is another positive step forward in accelerating the execution of our growth strategy and company transformation," Chaibi said.

Optimas is a global provider of integrated supply chain solutions and engineering support focused on delivering highly engineered custom fasteners and other "C" class components, such as fittings, clamps, bearings, and rivets.

Circle Bolt & Nut Co. Inc. is an international supplier of fasteners, specialty hardware, and value added services with worldwide sourcing and distribution capabilities. Since 1979, CBN has grown from one facility in Northeast Pennsylvania to national coverage through seven full service branches and other satellite warehouse and service locations.