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DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, has acquired substantially all the assets of Mid-Continent Safety, LLC, a distributor of safety products in the Midwest.
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Financial terms of the transaction were not disclosed.
Mid-Continent Safety is headquartered in Wichita, KS, and operates out of three locations in Kansas, Nebraska and Oklahoma. Mid-Continent provides safety instrumentation, fall and hand protection and other related safety products, focused primarily on customers in the oil & gas, refining, power and general industrial markets.
Mid-Continent had sales in 2011 of $10 million.
"Mid-Continent strengthens our North Central region, complements DXP's end markets and adds further scale to our Safety Services division," said Kent Yee, DXP senior vice president corporate development. "We anticipate this acquisition to be accretive to earnings and further expands our safety products and services platform."