Home » Salem Tools, Now ST Solutions, to Acquire Regal Industries
Salem Tools, Now ST Solutions, to Acquire Regal Industries
January 18, 2008
ST Solutions's Regal Industries, LLC has agreed to buy Regal Industries, Louisville, KY.
Regal Industries supplies cutting tools, as well as bonded, coated and superabrasive products to industries in Kentucky, Tennessee and Indiana. Regal also offers inventory management solutions to manufacturing facilities.
Key benefits of the acquisition include broadening the service footprint, combining purchases to strengthen buying power, reducing backroom costs and freeing up Regal management to pursue sales growth.
We are excited about combining our experienced, valued workforce and services and expanding our geographic footprint,"explained William N. Powell, president and CEO of ST Solutions.
Salem Tools, Salem, VA, is now operating under its new marketing name, ST Solutions, which it says better reflects the services and products it provides.