Supply Technologies has acquired Southern Fasteners & Supply, Inc.

Copper Run advised Supply Technologies – a subsidiary of ParkOhio(NASDAQ:PKOH), specializes in supplier selection and management, planning, implementing, managing the physical flow of product for world-class international manufacturing companies, and servicing customers in the various markets.

Southern Fasteners is headquartered in Winston-Salem, North Carolina, and has annual revenues of approximately $25 million. Southern Fasteners, which is expected to be immediately accretive to operating margins and earnings per share, provides commercial fasteners and industrial supplies to a diverse base of MRO and OEM customers throughout the U.S. and specializes in the design of customized inventory programs for its customers.

Southern Fasteners complements Supply Technologies’ growth initiatives centered around industrial supply and MRO products to our global OEM customer base.