According to the report of PRNewswire, The Hillman Companies, Inc. announced on January 7th that its subsidiary has completed the acquisition of Illinois-based residential fasteners and related products distributor, Servalite, Inc., whose annual revenues in 2009 was over US$20 million. After its inception, Servalite has become the major fasteners and “hard-to-find” parts supplier. Its excellence in the area of specialty fasteners and electric parts provides a robust base for Hillman to supply value-added products and service to hardware retailers. One of the owners of Servalite Tom Rowe said, “Servalite is very excited to become one part of the Hillman Group. This acquisition joints two great brands and allows our customers to take advantage of best practices from two industry leaders.”

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