Print
Retail

Wilmington Construction Suppliers Acquired By Birmingham Distributor

By Johanna Cano, posted Aug 5, 2019
Wilmington-based Apache Supply Inc. and Coastal Contractor Supply have been acquired by Ram Tool Construction Supply Co., a Birmingham, Alabama-based construction supply distributor, according to an announcement Monday.

The acquisition, made for an undisclosed amount, will allow Ram Tool to grow in the Carolinas, an area that has seen growth in the construction field.

"We're very excited to be in Wilmington," Page Naftel, president of Ram Tool, said in a news release. "We've seen in recent years how active the Carolina markets are and we've had a lot of success in Charleston and Raleigh. We know there's more opportunity on the coast; we just need to be able to get to it more quickly. Having a branch in Wilmington will allow us to do exactly that."

Ram Tool will operate out of Apache Supply’s location at 64 Darlington Ave. until it finalizes plans for another larger branch, according to the release.

Because Ram Tool had already been servicing projects in and around the Wilmington area, it made sense to open a location in the city, said Mike Doyle, marketing director with Ram Tool.

Both Apache Supply and Coastal Contractor Supply will now operate as Ram Tool.

Ram Tool, which has over 1,500 employees, will be adding some Apache Supply and Coastal Contractor Supply employees to its team, but others decided to either not work with Ram Tool or they were deemed not a good fit, Doyle said.

The number of those not joining Ram Tool is less than 10, he said.

Ram Tool provides construction tools, equipment, anchors and fasteners, personal protective equipment, fall protection equipment and more.

There are 40 Ram Tool branches in the U.S., including one each in Charlotte, Raleigh and Greensboro, and the supplier delivers 700,000 annual orders to job sites in the Southeast, Mid-Atlantic, Midwest, Texas and Oklahoma, according to the release.

Apache Supply, founded in 1991, and Coastal Contractor Supply, located at 2936 Orville Wright Way, sell fasteners and construction tools and supplies primarily in the Carolinas.

"Both Apache Supply and Coastal Contractor Supply serve the same customers that we do,” Naftel said.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign5

The Impact of a Growth Mindset

John Monahan - Vistage
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management
Georgiarowe

Salling and Tate Dentistry Launches Annual "Gunner’s Runners" Shoe Collection Event, Aiming to Surpass Last Year's Success

Georgia Rowe - Wide Open Tech

Trending News

City Club, Event Center On The Market For $7.5 Million

Emma Dill - Apr 16, 2024

Wilmington Tech Company Tapped For Federal Forestry Contract

Audrey Elsberry - Apr 15, 2024

Commercial Real Estate Firm Promotes Adams, Mitchell To Vice President Roles

Staff Reports - Apr 16, 2024

New Hanover Industrial Park To Get $3.3M In Incentives For Expansion, New Jobs

Emma Dill - Apr 15, 2024

Gravette Named Executive Director Of Nir Family YMCA

Staff Reports - Apr 16, 2024

In The Current Issue

Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season