MSC INDUSTRIAL SUPPLY CO Acquires Davenport, Iowa, Tool Supply Firm
9 August 2017
MSC INDUSTRIAL SUPPLY CO., a distributor of Metalworking and Maintenance, Repair and Operations products and services to industrial customers throughout North America, acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa.
"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,” said MSC President & CEO Erik Gershwind.
“DECO brings a talented team with considerable experience and expertise, and strengthens our presence in several important markets in the Midwest. 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,” he added.
According to company officials, “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.”
"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.