Posted July 19, 2011
MSC acquires American Tool Supply
MSC Industrial Direct has acquired American Tool Supply Inc. and its affiliate, American Specialty Grinding Co. Inc.
The two companies together generate approximately $50 million in annual sales. Terms of the transactions were not disclosed.
"We are very excited about acquiring American Tool Supply Inc. and American Specialty Grinding Co. Inc. as yet another step in the execution of our long-term growth strategy," said David Sandler, president and chief executive officer. "We've always had a lot of respect for their principals, Ray Fontaine, Jay Bath, and Rich Duplessie, the outstanding team they have built as well as the value added capabilities of both ATS and ASG. Now, we bring together the best of both companies to add to our presence in the northeast region."
Rich Duplessie, Director of ATS, said, "This is a great opportunity for MSC, ATS and ASG, our associates, customers and our suppliers. Together, we will bring a depth and breadth of metalworking expertise, services and solutions to our customers that are unmatched in the industry. We are very excited about the growth opportunity in front of us."
Headquartered in Chicopee, Mass., American Tool Supply was founded in 1983. With locations in Massachusetts, New Hampshire, Connecticut, and North Carolina, the company provides customers with a full line of metalworking supplies and an experienced metalworking sales team.
Also headquartered in Chicopee, Mass., American Specialty Grinding Co., Inc. was founded in 1969 and specializes in custom made tools and re-sharpening services.
