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July 18, 2017

Anderson Manufacturing Launches New Chapter; New Capital Provides for Strategic Growth


BRISTOL, WI (July 18, 2017) – Anderson Manufacturing, a family-owned specialty fastener business for nearly 40 years, is launching a new chapter with its July 17, 2017 acquisition by the principals of Big Shoulders Capital.

David Muslin and Todd DiBenedetto, principals of Northbrook, Illinois-based Big Shoulders Capital, have purchased Anderson and reorganized the management team to position the company for strong growth in the specialty and complex cold-formed fastener business. As an initial step in saving 50 company jobs, they have brought back a long-time executive to lead the business as the new president. Tim Cash brings more than 20 years of experience with the company to his new position.

“We intend to reinvigorate the business, beginning with additions to our engineering department and then building every area of expertise,” said Cash. “Our business is very specialized and requires an expertise that is not common among mass producers of fasteners. We thrive on solving challenging issues and in creating high-quality precision fasteners for applications in medicine, automotive, electronics, appliances, hardware and housewares.”

“We have highly skilled and experienced team members who allow us to create solutions where others simply can’t,” said Cash. “Our plan is to leverage and grow that expertise.”

Anderson also has plans to grow organically by entering new markets and by making strategic acquisitions.

“We saw this as an opportunity to invest in a company with a demonstrated track record of success and a high ceiling for the future,” said David Muslin, principal of Big Shoulders. “Anderson had a tough year following a failed roll-up strategy by a private equity group. The company was linked to Rockford Products, which has since gone out of business. Now, we intend to invest in Anderson and return it to its position as one of the leading specialty fastener manufacturers in the nation.”

Cash added, “Our customers and vendors will recognize a renewed sense of energy, commitment and vision as we launch this new chapter in our company history.”

About the Company

Anderson Manufacturing is a trusted supplier to automotive manufacturers, providing products such as complex cold formed terminals, pins, semi-tubular rivets, shoulder rivets, screws, contacts, threaded forming screws, self-tapping screws, clinch studs and anti-cross threaded product. The company also offers secondary operations including thread rolling, tapping, grinding, sorting and packaging, and value-added services such as cost reduction and manufacture ability reviews.

Founded in 1976, it operates a 52,000-sqare-foot facility in Bristol, Wisconsin, where it employs approximately 50 and runs three shifts daily.

Additional information is available from www.andersonmfg.com. www.andersonmfg.com or by contacting Tim Cash at 262-857-7056 or timc@andersonmfg.com.

 

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