The 2020 Mid-Year Economic Update_long

F& M Mafco to Buy Carolina Industrial Tools


F & M Mafco, Inc., Cincinnati, OH, a distributor of construction and industrial supplies, has agreed to buy Carolina Industrial Tools, Inc., Charlotte, NC. Carolina is a distributor of tools, equipment, consumables, machinery and related products.


&nbsp ;


The Carolina Industrial Tools acquisition will expand F & M Mafco's ability to serve customers in the southeast U.S.


&nbsp ;


Mike McKenna, vice resident of sales, said: “Not only does this acquisition carry out our strategic plan, it also adds to our already growing business in the consumables market and will give us the opportunity to establish our tool & equipment rental capabilities in this area.


&nbsp ;


F & M Mafco is a distributor of construction tools and ...

F & M Mafco, Inc., Cincinnati, OH, a distributor of construction and industrial supplies, has agreed to buy Carolina Industrial Tools, Inc., Charlotte, NC. Carolina is a distributor of tools, equipment, consumables, machinery and related products.


&nbsp ;


The Carolina Industrial Tools acquisition will expand F & M Mafco’s ability to serve customers in the southeast U.S.


&nbsp ;


Mike McKenna, vice resident of sales, said: “Not only does this acquisition carry out our strategic plan, it also adds to our already growing business in the consumables market and will give us the opportunity to establish our tool & equipment rental capabilities in this area.


&nbsp ;


F & M Mafco is a distributor of construction tools and equipment, industrial supplies, welding products, cranes, hoists and derricks. F & M Mafco is a supplier to the steel, petrochemical, power generation and other process steam related industries industry.


&nbsp ;


F & M Mafco, Inc., has offices in Birmingham, AL; Carson City, NV; Dubai, UAE; Evansville, IN; Houma, LA; Kansas City, MO; Nottingham, UK; Orlando, FL; and St. Croix, USVI.


&nbsp ;


More Breaking News

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.