MELVILLE, N.Y. and DAVIDSON, N.C., Aug. 7,
2017 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO.
(NYSE: MSM), a premier distributor of Metalworking and Maintenance,
Repair and Operations (MRO) products and services to industrial
customers throughout North
America, has acquired DECO Tool Supply Co., an
industrial supply distributor based in Davenport, Iowa.
The transaction was completed on July 31,
2017. DECO's annual revenue was approximately $100 million in 2016, generated by 190-plus
associates across 10 branch offices located primarily in the
Midwest. DECO's sales force and branch footprint complements MSC's
coverage in the region. In time, MSC will be able to provide DECO
customers access to MSC's one million-plus product portfolio to
support their full metalworking and MRO needs.
"We are extremely excited about the acquisition of DECO, which
has long been one of the best metalworking distributors in the
country, with a well-earned reputation for integrity, customer
service and quality. DECO is a perfect fit with our strategic plan
as the acquisition enhances our metalworking business, which is the
foundation of MSC. DECO brings a talented team with considerable
experience and expertise, and strengthens our presence in several
important markets in the Midwest," said MSC President and CEO
Erik Gershwind. "We are equally
excited by the expanded offering MSC can bring to the DECO
customers, including a broad and deep MRO product portfolio,
next-day delivery, inventory management solutions and more."
Both DECO and MSC each bring more than 70 years of expertise in
metalworking and MRO solutions.
"DECO and MSC represent a powerful combination. Both
organizations offer decades of metalworking expertise through
top-notch people who put the customer first. Leveraging the
strengths of DECO and MSC will provide our customers greater
product offerings, service levels and value-added solutions to help
them succeed," said DECO President Dennis
Quinn.
About MSC
MSC Industrial Supply Co. (NYSE:MSM) is a
leading North American distributor of metalworking and maintenance,
repair, and operations (MRO) products and services. We help our
customers drive greater productivity, profitability and growth with
more than 1 million products, inventory management and other supply
chain solutions, and deep expertise from over 75 years of working
with customers across industries.
Our experienced team of more than 6,000 associates is dedicated
to working side by side with our customers to help drive results
for their businesses - from keeping operations running efficiently
today to continuously rethinking, retooling, and optimizing for a
more productive tomorrow.
For more information on MSC, please visit mscdirect.com.
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SOURCE MSC Industrial Supply Co.