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Houston Wire & Cable Co., Houston, purchased Vertex Corporate Holdings, Inc. and its subsidiaries from DXP Enterprises, Inc., for $32.3 million (subject to adjustment). Vertex is a master distributor of industrial fasteners with sales and distribution centers throughout the United States. Specializing in corrosion resistant and specialty alloy inch and metric threaded fasteners, rivets, and hose clamps, Vertex products are used in a broad array of end markets including industrial supply, water and waste water, general manufacturing, power generation, marine, and oil and gas.
“This acquisition leverages HWCC’s core strength in master distribution and its national distribution platform into new product categories and represents a great example of how its model can be used to further penetrate industrial end markets,” said James Pokluda, president and CEO of HWCC, in a release.