(Forgot your password?)?
News 

MSC Industrial Supply Co. Acquires Tower Fasteners

msc_industrial_supply_acquires_tower_fasteners_1_8037_0.webp
Add to my favorite
2022-08-22
     MSC Industrial Supply Co., a premier distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, announced that it has acquired Tower Fasteners, a Holtsville, New York-based valued-added distributor of Original Equipment Manufacturer (OEM) fasteners and components.
 
     Under the equity purchase agreement, Tower will continue to operate under its current name after becoming an MSC company. Mark Shannon, President of Tower, will continue to lead the business, which has approximately 100 associates. Tower’s revenue in calendar 2021 was approximately $35 million. MSC’s acquisition of Tower, made through its All Integrated Solutions (AIS) subsidiary, expands the company’s presence in the OEM fastener market, which it entered in 2018 with the acquisition of AIS, a leading value-added distributor of industrial fasteners and components, MRO supplies and assembly tools based in Wisconsin.
 
     Tower’s growing footprint complements AIS’s existing locations concentrated in the Midwest. The company operates eight distribution centers along the East Coast and in the Southwestern regions of the United States, Mexico and Europe. Tower serves manufacturers in the industrial, electronics, medical equipment, aerospace,
military, and security, fire and safety sectors. MSC plans to maintain Tower’s operations, providing the company’s customer base access to MSC’s 2 million-plus product portfolio to support their full metalworking and MRO needs. Similarly, MSC will extend Tower’s production fastener solutions to its manufacturing customers. The acquisition is expected to be roughly neutral to MSC’s fiscal 2022 earnings and slightly accretive to fiscal 2023 earnings.
MSC Industrial Supply Co.
Tower Fasteners
acquisition
OEM扣件和零組件
併購
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
Save and share