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MSC Industrial Supply Co. Acquires Buckeye Industrial Supply Co.and Tru-Edge Grinding Inc.
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2023-02-23
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 Buckeye Industrial Supply Co., an independent metalworking distributor based in Columbus, Ohio, and Tru-Edge Grinding Inc., a St. Henry, Ohio-based custom tool manufacturer.
Buckeye and Tru-Edge are separate companies with shared ownership. Under the purchase agreement, Buckeye and Tru-Edge will continue to operate under their current names as MSC companies. The two companies had combined estimated revenue of $28 million in 2022 and they have 80 associates.
Founded in 1947, Buckeye primarily serves the planned metalworking needs of large manufacturers. MSC plans to build on Buckeye’s technical, high-touch relationships and value-added services by offering customers access to its 2 million-plus product portfolio to support their full metalworking and MRO needs as well as drive eCommerce revenue through mscdirect.com.
Tru-Edge Grinding brings new capabilities in tool manufacturing to MSC. Founded in 1996, Tru-Edge operates a manufacturing/regrind facility in St. Henry, Ohio and an indexable tool repair shop in Dayton, Ohio. A large part of Tru-Edge’s business is focused on designing and producing tools from scratch, with a strong focus on the automotive and medical markets. Tru-Edge will serve as MSC’s center of excellence for engineering and design and will join forces with MSC’s existing regrinding business to support manufacturing customers in the Midwest. Tru-Edge’s highly technical, value-added services will support MSC’s effort to drive cost savings for customers.
MSC President and Chief Executive Officer Erik Gershwind said the addition of Buckeye and Tru-Edge builds on MSC’s acquisitions of Deco Tool Supply, Engman-Taylor Company, Wm. F. Hurst Co. and AIS in recent years to expand the company’s reach with manufacturers in the Midwest.
MSC Industrial Supply Co.
Buckeye Industrial Supply Co.
Tru-Edge Grinding Inc.
metalworking
MRO
customized tools
客製工具
金屬加工
保養修護及運營產品併購
