R B W Corp

Holding fast: Glen F. Ceiley, president of fastener distributor Bisco Industries Inc., Anaheim, said his company has raised its stake in an Ohio-based firm to 6.5% from 5.4% and is still considering a buyout. Although it has not made a formal bid, Ceiley said Bisco remains interested in acquiring the fastener distribution business of R B & W Corp. of Mentor, Ohio. Ceiley said he met with top officials at R B & W last month.

Bisco Industries Inc., a distributor of industrial nuts and bolts, said Thursday that it is "disappointed" that an Ohio competitor has rejected its offer to buy the firm, in a transaction valued at $72 million. Jay Conzen, a Bisco spokesman, said RB & W formally rejected the offer Thursday. In a letter to Bisco officials, RB & W, which is eight times the size of the Anaheim company and is based in Mentor, Ohio, questioned the ability of Bisco to finance the transaction.

Bisco Industries Inc., a distributor of industrial nuts and bolts, said Thursday that it is "disappointed" that an Ohio competitor has rejected its offer to buy the firm, in a transaction valued at $72 million. Jay Conzen, a Bisco spokesman, said RB & W formally rejected the offer Thursday. In a letter to Bisco officials, RB & W, which is eight times the size of the Anaheim company and is based in Mentor, Ohio, questioned the ability of Bisco to finance the transaction.

Bisco Industries Inc., a distributor of fasteners used in the aerospace and electronics industries, and its president have acquired a 5.4% stake in an Ohio-based fastener manufacturer, and may make a bid for the entire company. Glen F. Cieley, president of Bisco Industries, said he and the company have paid between $1.1 million and $1.4 million to acquire 285,000 shares of RB&W Corp. in Mentor, Ohio. Bisco paid between $4 and $5.25 a share for the stock.

Holding fast: Glen F. Ceiley, president of fastener distributor Bisco Industries Inc., Anaheim, said his company has raised its stake in an Ohio-based firm to 6.5% from 5.4% and is still considering a buyout. Although it has not made a formal bid, Ceiley said Bisco remains interested in acquiring the fastener distribution business of R B & W Corp. of Mentor, Ohio. Ceiley said he met with top officials at R B & W last month.

Bisco Industries Inc., a distributor of fasteners used in the aerospace and electronics industries, and its president have acquired a 5.4% stake in an Ohio-based fastener manufacturer, and may make a bid for the entire company. Glen F. Cieley, president of Bisco Industries, said he and the company have paid between $1.1 million and $1.4 million to acquire 285,000 shares of RB&W Corp. in Mentor, Ohio. Bisco paid between $4 and $5.25 a share for the stock.