DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, TX, has acquired Tucker Tool Co. Inc., a distributor of cutting tools, abrasives, coolants and machine shop supplies.
Tucker Tool is headquartered in Mechanicsburg, PA, and operates out of a single location. The distributor is focused on serving customers in the chemical, oil & natural gas, power generation, general engineering and transportation markets.
Sales and adjusted EBITDA for the last 12 months ending April 30, 2013, were $8 million and $1 million, respectively.
"Tucker Tool brings a high level of technical expertise within cutting tools. We are excited to have the Tucker Tool team join us and become an integral business within our Northeast region,” said Todd Hamlin, senior vice president of service centers.
