What is Hi-Tech Fasteners?
Established in 1982, Hi-Tech Fasteners is a comprehensive provider of specialized fastening solutions, including Stainless 410 Tapping and Self-Drilling Screws, and 18-8 Multi-Metal Self-Drilling Screws. The company has distinguished itself through innovation, developing advanced high-performance products like the Piasta Multi-Metal Self Drilling Screw and Plasti-Hold Screw. Hi-Tech Fasteners boasts the nation's most extensive inventory of 410 and 18-8 Multi Metal Self-Drilling Screws, supported by strategically located distribution centers across the United States, enabling same-day shipments to fastener distributors nationwide. This robust infrastructure and product diversity position Hi-Tech Fasteners as a key player in the industrial supply chain.
How much funding has Hi-Tech Fasteners raised?
Hi-Tech Fasteners has raised a total of $210K across 1 funding round:
Debt
$210K
Debt (2021): $210K with participation from PPP
What's next for Hi-Tech Fasteners?
With the recent injection of capital, Hi-Tech Fasteners is poised for accelerated expansion and market penetration. The 'large-scale late-stage funding' context suggests a strategic focus on scaling operations, enhancing distribution networks, and potentially exploring new product development or market segments. This investment will likely empower the company to further solidify its leadership in high-performance fasteners and capitalize on emerging opportunities within the construction and manufacturing sectors. The company's commitment to maintaining a diverse inventory and efficient logistics will be crucial in leveraging this new financing for sustained growth and competitive advantage.
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