The Hillman Cos. agreed to buy Toronto-based fastener distributor H. Paulin & Co. for $103.7 million (C$103 million).

“We are excited to become an integral part of the Hillman organization,” said Richard Paulin, who will continue as president of the new division of Hillman Canada. “This acquisition joins two great and complementary industry leaders with over 140 years of combined fastener knowledge.”

The transaction is expected to close in the first quarter of 2013.