Bolting specialist sold to industrial fasteners company

A Dudley-based bolting specialist has been sold to a Gateshead-based industrial fasteners company.

KBS Corporate has overseen the sale of KJ Fasteners to a Gateshead-based industrial specialist.

Founded in 2006, Dudley-based KJ Fasteners has long-standing client relationships in numerous markets, including power transmission, structural engineering, mining and water supply.

Founders Kevin Hew and Kenneth Mole instructed KBS Corporate on the sale of KJ Fasteners to facilitate their wider retirement plans.

The successful offer for the business came from D.P. Fasteners, part of The Industrial Mandate Ltd.

Matthew Sibley, the KBS Corporate associate director who advised on the sale, said: “D.P. Fasteners has a strong foothold in the North East and felt it was the right time to extend its geographical reach.

“KJ Fasteners is a company of similar size and structure that will complement D.P.’s core offering and allow the business to really accelerate its growth trajectory.”

Matt Kenny from The Industrial Mandate Ltd (TIM) said: “We are delighted to welcome KJ into our group. With a strong heritage in specialist fastener sectors, in particular power transmission and heavy infrastructure, we are confident the business will thrive alongside TIM group subsidiaries D.P. Fasteners and North East Fasteners.

“Our thanks go to KBS for leading a smooth and collaborative process.”

Sibley added: “Kevin and Kenneth were exceptional to work with throughout the sale and remained committed to securing the right deal for both companies.

“I wish both businesses the best of luck as they grow together over the coming years.”

During the sale, KJ Fasteners was supported by solicitor Anna McGill of Keystone Law.