MRO products distributor and cost savings provider Stellar Industrial Supply signed a letter of intent to acquire Rocky Mountain Cutting Tools.

Terms were not disclosed, but the transaction is expected to close on June 30.

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Based in Frederick, CO, RMCT is a distributor specializing in carbide indexable cutting tools and inserts for the machining industry. The company provides a wide selection of carbide tools, advanced hole-making and threading technologies, abrasives and inventory management solutions. RMCT serves customers throughout the Denver Metro area and Colorado’s Front Range.

“Stellar Industrial Supply is excited to take another important step forward as we continue to build our organization,” Stellar Industrial Supply President and CEO John Wiborg said in a May 6 news release. “Bryan and his team at Rocky Mountain Cutting Tool Supply have done a wonderful job for their customers. We stand to learn a lot from one another, all of which furthers our ability to drive value to our customers. I’m very pleased that Stellar is expanding our footprint in the important Denver/Colorado Front Range market area.”

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Earlier this year, Stellar Industrial Supply appointed Tom Gale — the longtime steward of Modern Distribution Management — to its Board of Directors.

The company’s most recent previous acquisition was of Eagan, MN-based USA Safety Supply Corporation, announced on July 16.