FOR IMMEDIATE RELEASE
MOBILE, ALABAMA (June 24, 2024) Threaded Fasteners, Inc., a leader in the Fastener Industry, today announced the acquisition of Ricco Fasteners, formerly owned by Elaine and Richard Guldin, located in Thomasville, Georgia. This move marks the seventeenth branch location for Threaded Fasteners and elevates their mission to create value in, and for the people they serve, as they continually position themselves for additional growth and innovation.
“We are thrilled that Elaine would entrust us with the legacy of Ricco Fasteners. I am humbled by her confidence in us to carry on their mission and bring the Ricco team into Threaded Fasteners Family of Companies. This acquisition may represent a significant step in our team as we continue to expand and invest in additional communities, but above all it is an opportunity for us to serve a member of our fastener community through carrying on the legacy that Elaine and Richard built,” said Billy Duren, President and CEO of Threaded Fasteners, Inc.
A Legacy of Excellence
Founded in 1998, Ricco Fasteners has been a steadfast member of the fastener community recognized not only for their commitment to excellence but their dedication to their team and community. The acquisition will mark Ricco Fasteners transition into a Threaded Fasteners branch and manufacturing location. As a member of the fastener industry for over 26 years, Ricco Fasteners primary focus has been to provide their customers with the products they need to run their operations and a level of service that helps them meet their goals.
Richard Guldin was the face of Ricco, spending time meeting with customers and building long lasting relationships. He was known as a people person and Ricco customers became much more than just customers to Richard and the Ricco fasteners team, they became friends and family.
“When Richard passed away in August of 2022, I felt that outpouring of love from them all. As devastated as I was by his loss, my focus moving forward was to make sure our customers would continue to receive the level of service that they deserved. Now it is time for a new chapter. I have entrusted Threaded Fasteners to continue the legacy of Ricco Fasteners and I have no doubt they will continue to build on this legacy,” Elaine Guldin, Owner of Ricco Fasteners.
A Legacy of Impact
The integration of Ricco Fasteners’ expertise and resources will enable Threaded Fasteners to expand its current product offerings in Georgia as they continue to invest in additional locations across the United States.
“This acquisition marks a milestone in our continued plans to invest in additional distribution and manufacturing locations across the country. Together we plan to utilize the current wide range of Ricco’s inventory and manufacturing capabilities to further expand our product offerings to the Thomasville and greater Georgia area. We are grateful for the opportunity to invest in such a wonderful team and community,” said Jerrad Douberly, COO of Threaded Fasteners, Inc.
About Threaded Fasteners, Inc.
Threaded Fasteners Inc. (TFI) is a 100% employee-owned business that specializes in the manufacturing, custom packaging, and distribution of steel fasteners. With over 350 dedicated employee owners, TFI
maintains over $16 million worth of inventory across 17 locations, to meet the global needs of customers from industries including electrical utilities, chemical and electrical, commercial marine construction,
steel fabricators, metal building manufacturers and Department of Transportation (DOT) fabricators. More information about TFI can be found on its website at threadedfasteners.com or through social media
platforms including Facebook, LinkedIn and Twitter.
