The 2020 Mid-Year Economic Update_long

DXP Acquires Application Specialties

Purchase expands distributor's presence in the Pacific Northwest.

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.

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