Hydrobolt joins the LoneStar Group
The Directors of LoneStar and Hydrobolt are pleased to announce that with immediate effect Hydrobolt has joined the LoneStar Group.
Hydrobolt will remain a separate entity and will continue to trade under the Hydrobolt name. The company will continue to be run by the current Hydrobolt senior management team, led by Jamie Simpson, who will report directly to the CEO of LoneStar Group.
Newly formed Group company LoneStar Fasteners Europe will proceed with the previously announced move to the new facility at Universal Point as planned. LoneStar Fasteners Europe will continue to be led by the current management team.
We believe this is a great opportunity for LoneStar Fasteners Europe and Hydrobolt to work together to expand product offering to our respective customers, offer more compelling value propositions and increase our presence in the global energy market.
This is an exciting time for all of us and everything points to a robust future for the two organizations and its employees.