DXP Enterprises Inc. (NASDAQ: DXPE), Houston, TX, has acquired Application Specialties Inc., Auburn, WA, a distributor of cutting tools, abrasives, coolants and machine shop supplies.. Terms were not disclosed.
Founded in 1989, ASI has three locations in Washington – Auburn, Everett and Vancouver. ASI has 33 employees and serves customers in the aerospace, construction, medical and firearm markets. The company has annual sales of $37 million.