Construction and contractor supplies distributor NEFCO has acquired Louisiana-based STS Industrial.
STS Industrial supplies fasteners, pipe, valves and fittings, gaskets, pipe supports and cutting tools to refinery and chemical facilities, oil and gas operators, industrial contractors and manufacturing customers across the U.S.
East Hartford, CT-based NEFCO said the acquisition will provide it access to the Gulf region, one of the fastest growing industrial and energy markets. This is NEFCO’s second deal announced this year. It acquired Big D Tool Center in Texas in October.
“STS has been a respected supplier with deep roots in the Gulf region, and their expertise and culture align directly with NEFCO’s focus on speed, service and technical solutions for contractors,” NEFCO CEO Matthew Gelles said in a Dec. 17 news release. “I also want to recognize the Habetz family for building such a strong, customer-focused business. Together, our teams will be even better positioned to provide unmatched service and innovative solutions to our customers.”
NEFCO said that STS Industrial will continue operating as usual while gradually introducing NEFCO’s expanded product portfolio, SHARP fabrication capabilities, value-added services and technology-enabled solutions to its customers.
“This is a proud and exciting moment for STS,” said the Habetz family of STS Industrial. “Partnering with NEFCO allows us to build on the strong foundation we’ve created while opening up new opportunities for our employees and delivering even greater value to our customers through NEFCO’s national scale, expanded product offerings and resources.”
NEFCO also opened a new branch in North Charleston, SC in September.
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