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Brighton-Best International Announces the Acquisition of Vertex Distribution
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     The America’s largest fastener distributor Brighton-Best International, Inc. (BBI) recently announced that in order to expand the operating scale of the company and reinforce the market share of its products in the market it will acquire all of the assets of an U.S. stainless steel fasteners distributor, Vertex Distribution for US$ 32 million. Vertex Distribution mainly supplies bolts, screws, nuts, rivets, etc. The deal is scheduled to be completed on Oct. 31st this year.
     According to BBI, “Through consecutive acquisitions, the company can benefit from a larger economic scale, reduced operating costs, and maximized profit. In addition, high-quality products at cheap prices can be also provided at reasonable gross margins, creating entry barriers for competitors and oligopoly.”
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