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MSC Industrial Supply Co. (NYSE: MSM), Melville, NY, has acquired DECO Tool Supply Co., Davenport, IA, an industrial supply distributor servicing the Midwest. The transaction was completed on July 31. Terms were not disclosed.
"DECO is a perfect fit with our strategic plan as the acquisition enhances our metalworking business, which is the foundation of MSC," said MSC president and CEO Erik Gershwind. "DECO brings a talented team with considerable experience and expertise, and strengthens our presence in several important markets in the Midwest."
DECO's annual revenue was approximately $100 million in 2016, generated by 190-plus associates across 10 branch offices located primarily in the Midwest.