Columbus, Ohio-based Buckeye Industrial Supply Co. (BIS), has acquired Ray Industrial Products Inc. (RIPI), a Van Wert, Ohio-based distributor. Financial terms of the deal weren’t disclosed.
Buckeye Industrial Supply will keep the RIPI name at the Van Wert location and Gary Rager will continue to serve as the branch customer service manager. Founded in 1987 by Dorman Ray, RIPI is a distributor of industrial products, including equipment, cutting tools, tooling systems and MRO supplies.
“This acquisition expands our ability to serve customers throughout Ohio and Indiana,” said BIS President Rick Meizlish. “RIPI is a perfect addition to our business, and a credit to Dorman Ray, who built the company from the ground up and, after a short transition, is moving on to a well-deserved retirement.”