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The acquisition represents the
unification of two of Virginia's oldest distributors and will result in an increased offering of industrial MRO, material
handling and power transmission product lines and services for both companies' customers. Each of the companies will operate
separately through 2002.
A January 2003 merge of operations is scheduled, once all customers and vendors have been
consulted. The current OEM Division of Transmission Products, Inc. will now operate as a completely separate business, as
TPI Engineered Systems, Inc., with the current ...
The acquisition represents the
unification of two of Virginia's oldest distributors and will result in an increased offering of industrial MRO, material
handling and power transmission product lines and services for both companies' customers. Each of the companies will operate
separately through 2002.
A January 2003 merge of operations is scheduled, once all customers and vendors have been
consulted. The current OEM Division of Transmission Products, Inc. will now operate as a completely separate business, as
TPI Engineered Systems, Inc., with the current management and personnel.
'We believe that the alliance of Industrial
Supply and Transmission Products, Inc. brings together a wealth of experience and product knowledge that can only enhance
our product and service offerings in the marketplace, allowing us to support our customers in an unprecedented manner,' said
Douglas A. Sims, Jr., president of Industrial Supply Corporation.
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