Sign In  |  Join Free  |  Contact |  Help

Home > News > Industry Activities > MSC Industrial Supply Completes Acquisition of Barnes Distribution North America

MSC Industrial Supply Completes Acquisition of Barnes Distribution North America

By Unknown , 2013-04-23 12:00:00

Share to:

MSC Industrial Direct Co., Inc., Melville, NY, has completed the acquisition of the North American distribution business (BDNA) of Barnes Group Inc. (NYSE: B) for $550 million, subject to customary working capital adjustments. With this acquisition, MSC extends its inventory management solutions and product offering in fasteners and other high gross margin consumable products, and establishes a significant presence in the Canadian market.

MSC financed the purchase of BDNA utilizing both existing cash and a new credit facility, which was closed simultaneously with the acquisition. Run-rate cost synergies are expected to reach $15 million to $20 million by fiscal 2015.

"The acquisition of BDNA enables us to provide our mutual customers a deeper inventory management solution, a broader product offering and a larger geographic footprint to help them grow their businesses, increase productivity and reduce their MRO inventory costs," said Erik Gershwind, MSC president and CEO. "The addition of so many talented associates from BDNA nearly doubles MSC's existing sales force and tremendously strengthens our future growth opportunities."

Headquartered in Cleveland, OH, BDNA is a distributor of fasteners and other high margin, low cost consumables, serving customers in the manufacturing, government, transportation and natural resources end-markets across the U.S. and Canada. BDNA has about 1,400 associates and had sales in calendar year 2012 of roughly $300 million.


Remark on News

Overall Rating0 reviews

  • 0 People
  • 0 People
  • 0 People
  • 0 People
  • 0 People

Evaluate the Details

Overall Rating:
Click the stars of the show rated

Free Submit for Publication

Fastener News,Import & Export Statistics Reports,Industrial Actives,Exhibition,Forum etc.are welcome

word,image,excel,txt,pdf,rar,zip only