AFC Industries Acquires QFC Industries
April 24, 2023
AFC Industries has acquired Arlington Texas based QFC Industries (QFC Industries, fasteners). Terms of the deal were not disclosed.
Founded in 1973 as Quickway Fastener Company, Inc. and later being rebranded as QFC, the company is a distributor of fasteners and other small components to a diverse group of manufacturing and assembly customers in the United States, Mexico, Europe and China.
QFC owner and president Clay Roark said, “Our team and our business have been successful and were growing, so it was not an easy decision to sell, and once we decided to do so, we had many potential partners that we could have selected. We felt AFC brought a unique combination in that they have an excellent reputation both as operators on the distribution side as well as a tremendous track record for integrity and professionalism in how they handle acquisitions. We wanted to be sure our customers and our employees were going to be treated well and that we picked a partner who would do what they said they would do.”
Jason Danner, Vice President of Operations for QFC, added, “QFC is well positioned to continue growing and to create opportunities for our team, customers, and suppliers. AFC understands what has made us successful, and now as part of their team, we have the depth and resources that will allow us to do even more.”
AFC CEO Kevin Godin said, “We are excited to have Clay, Jason, and the QFC team join the AFC family. With QFC, we were able to find a great team that operates with the same dedication to customer service as AFC does, and allows us to address important strategic objectives. For example, QFC strengthens our presence in the South and West, deepens our capabilities in at least two key customer markets, and adds talent and depth to our support teams. We believe there are several immediate opportunities on which the newly combined businesses will be better positioned to execute.”
ABOUT AFC INDUSTRIES
Headquartered in Fairfield OH, AFC Industries is a dynamic organization dedicated to providing supply chain management solutions for fasteners, tooling, and assembly components to original equipment manufacturers, assembly plants, and other users of these products. Their supply solutions include Vendor Managed Inventory, Stock and Release programs, Light Assembly, Kitting, and Private Labeling services amongst others. AFC supports a diverse base of manufacturers across a broad range of industries. Their experienced team has a proven track record of helping manufacturers and assemblers reduce cost, improve quality, and increase efficiency. (www.afcind.com)
ABOUT QFC INDUSTRIES
QFC was founded in 1973 as Quickway Fastener Company, Inc. and, in 1991, the name of the company was changed to QFC Industries, Inc. In 2010, the company acquired the assets of Saber Steel Group in Brownsville, Texas. QFC currently operates two distribution centers, one in Arlington, Texas, and one in Brownsville, Texas.
In April 2021 AFC Industries was acquired by Bertram Capital, based in Foster City CA. (www.bertramcapital.com).
Content Source: AFC Industries