Bering Straits Native Corp. buys Alaska Industrial Hardware

FAIRBANKS, Alaska (AP) – The Bering Straits Native Corp. has reached an agreement to purchase statewide construction supplier Alaska Industrial Hardware.

The Fairbanks Daily News-Miner reports that the deal was finalized Monday. BSNC officials say it is part of an effort to diversify the company’s holdings. The Nome-based corporation is already involved in government operations, lands and resource development.

BSNC spokesman Matt Ganley declined to disclose how much the corporation paid for the hardware store. He says the purchase was under discussion for about a year.

Bering Straits Native Corp. is the regional Alaska Native corporation for the Bering Strait region. It is owned by more than 7,100 Alaska Native shareholders.

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Information from: Fairbanks (Alaska) Daily News-Miner, http://www.newsminer.com