MSC INDUSTRIAL SUPPLY CO Acquires Davenport, Iowa, Tool Supply Firm
08/08/2017
"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.
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024