6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
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.