Industrial equipment supplier Rutherford is positioned to be a preferred supplier of fasteners through its parent company Hudaco Trading’s, acquisition of Boltworld, one of the largest stockists of industrial fasteners.
Boltworld, which stocks a wide and comprehensive range of high-quality industrial fasteners, will merge with Rutherford’s FTS Fasteners & Fixings division, which distributes fasteners throughout South Africa. The division will be renamed FTS Boltworld and trade under the Rutherford umbrella.
“This is very exciting for both companies as our clients will benefit from increased product ranges and stock holdings, as well as the secure financial backing of the Hudaco group,” states Rutherford.
FTS is ISO9001/2015-certified and offers a vast product range, which includes hexagon bolts and set screws in various materials and grades, cap screws, plough bolts, self-drilling screws, self-tapping screws, nuts and washers. FTS stocks Gr 4.8, Gr 8.8, Gr 10.9, Gr 12.9, in self colour and zinc-plated, as well as a large range of Gr 304 and Gr 316 stainless steel and brass products.
Established in 1912, Rutherford, based in City Deep, Johannesburg, offers larger storage area for stock, as well as branches in Cape Town and Durban. Boltworld’s branch in Brakpan will relocate to Rutherford’s City Deep facility. Its branch in Klerksdorp will remain and become a branch of FTS Boltworld. This footprint offers clients throughout Africa an unbeatable service.
Rutherford CEO Martin Peterson is delighted with this acquisition as it forms part of his plans to grow Rutherford within the Hudaco group. Charles Botha will remain with the company as part of the management team, working with Charmaine Beukes to ensure continuity for Boltworld’s customers and growth plan, which is now combined with that of FTS.