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Hodell-Natco Acquires Davco Fastener Company
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2017-12-18
Hodell-Natco Industries acquired Davco Fastener Company on December 1, 2017. The move was a strategic one that gives Hodell-Natco a stronger foothold in the OEM market. Kevin Reidl, President of Hodell-Natco, worked together with Dave Potts, President and Owner of Davco Fastener Company on this mutually-beneficial transaction.
Hodell-Natco President, Kevin Reidl, views the acquisition as the perfect step in Hodell-Natco’s growth strategy. “You don’t often come across another business that is so wholly aligned to your own business both strategically and philosophically.” From a product standpoint, the acquisition provides Hodell-Natco with very logical product line extensions. Davco Fasteners offers additional custom and specialized product lines which will allow Hodell-Natco to appeal to a broader customer base. Reidl goes on to say, “The similarities between the two companies are profound.”
