Buy of Wisconsin-Primarily based Distributor Enhances MSC’s Main Place in Metalworking

MELVILLE, N.Y. and DAVIDSON, N.C., June 3, 2022 /PRNewswire/ — MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Upkeep, Restore and Operations provides to industrial prospects all through North America, immediately introduced that it has acquired Engman-Taylor, a Menomonee Falls, Wisc.-based distributor of metalworking instruments and provides.

Beneath the settlement, Engman-Taylor will proceed to do enterprise below its present title after turning into an MSC firm. The corporate’s president and proprietor, Rick Star, will proceed to guide the roughly 90-associate enterprise. The acquisition is anticipated to be roughly impartial to MSC’s fiscal 2022 earnings and barely accretive to fiscal 2023 earnings.

“We’re happy that Engman-Taylor will probably be becoming a member of forces with MSC. Simply as our roots return to metalworking greater than 80 years in the past, Engman-Taylor brings many years of technical experience in metalworking. Their workforce affords a powerful match by way of talent, capabilities and tradition, and their deal with serving prospects at a really excessive degree aligns nicely with our method to serving to prospects remedy their mission-critical challenges on the plant flooring,” stated MSC President and CEO Erik Gershwind.

Engman-Taylor serves prospects from two areas in Wisconsin, two in Illinois and one in North Carolina, complementing MSC’s nationwide attain. Engman-Taylor will be capable to provide prospects entry to MSC’s 2 million-plus merchandise, stock administration and different provide chain options.

“MSC is a acknowledged and revered chief within the industrial provide distribution trade. The corporate’s robust monitor document of enabling the businesses it acquires to keep up their identities and buyer relationships whereas providing its huge portfolio of merchandise and options offers a successful method for each organizations. Most significantly, it is going to allow us to carry even larger worth to our prospects,” stated Rick Star, President and CEO of Engman-Taylor.

About MSC Industrial Provide Co. 
MSC Industrial Provide Co. (NYSE:MSM) is a number one North American distributor of a broad vary of metalworking and upkeep, restore and operations (MRO) services. We assist our prospects drive larger productiveness, profitability and progress with roughly 2 million merchandise, stock administration and different provide chain options, and deep experience from over 80 years of working with prospects throughout industries. Our skilled workforce of greater than 6,500 associates is devoted to working facet by facet with our prospects to assist drive outcomes for his or her companies – from conserving operations operating effectively immediately to constantly rethinking, retooling, and optimizing for a extra productive tomorrow. For extra data on MSC, please go to mscdirect.com.

SOURCE MSC Industrial Provide Co.



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