Lone Star Fasteners has completed its merger with PRD Holdings Ltd. in a transaction valued at approximately $150 million.  Based in Wolverhampton, U.K., and with operational facilities in Dubai and China, PRD manufactures and supplies standard and specialty high-performance fasteners to the oil and gas, power generation, nuclear power, petrochemical, heavy engineering, construction and automotive industries through its group companies, which include PRD Fasteners, Eurofast, Triplefast International, Triplefast Middle East and The Fastener Network.

The combined businesses of Lone Star and PRD will be jointly managed by Bruce Ross, CEO of Lone Star, and Allan Stennett, group managing director of PRD. Although Lone Star will be the surviving entity, the PRD businesses will continue to trade under the PRD, Eurofast, Triplefast and Fastener Network names.

Lone Star is a portfolio company of Dallas-based Trinity Hunt Partners.