Herndon Products acquires Kent company | Briefs
January 31, 2013 · 2:09 PM
Reporter staff reports
Herndon Products, Inc., of O'Fallon, Mo., recently acquired Kent-based Intercoastal, Inc., creating a new company – Intercoastal, LLC, a wholly owned subsidiary of Herndon Products.
According to a media release, Herndon Products has achieved a compounded growth rate in excess of 50 percent since its launch in 2003, with an emphasis in defense and aerospace industry supply chain management solutions. The acquisition of Intercoastal brings an emphasis in the commercial side of aviation supply chain – bolstering a key future growth area for Herndon Products."Herndon Products was seeking a strong company to add to our bench, and Intercoastal aligned perfectly with our expansion strategy," said Scott Herndon, president and chief executive officer. "In this marketplace, relationships matter, and Intercoastal brings 12 new authorized distributorship lines to the Herndon Products portfolio of strong suppliers, including 3V Fasteners, Alcoa, Allfast, Lisi–Monadnock, Federal Manufacturing and Shurlok, to name a few.
"Our geographic reach also improves with this acquisition. We now service our customers from four distribution centers across the country that are geographically aligned with our customer's needs."
Founded in 1968 in Kent, Intercoastal employs a team that will stay with the company. Randie Cadwell, the former president of Intercoastal, will lead the team in Washington as vice president and general manager.
Dan Rodrigues, chief operating officer for Herndon Products, led the acquisition efforts with the assistance of several St. Louis companies.
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