The 2020 Mid-Year Economic Update_long

Salem Tools, Now ST Solutions, to Acquire Regal Industries

ST Solutions's Regal Industries, LLC has agreed to buy Regal Industries, Louisville, KY.
 
Regal Industries supplies cutting tools, as well as bonded, coated and superabrasive products to industries in Kentucky, Tennessee and Indiana. Regal also offers inventory management solutions to manufacturing facilities. 
 
Key benefits of the acquisition include broadening the service footprint, combining purchases to strengthen buying power, reducing backroom costs and freeing up Regal management to pursue sales growth.
 
We are excited about combining our experienced, valued workforce and services and expanding our geographic footprint,"explained William N. Powell, president and CEO of ST Solutions.


Salem Tools, Salem, VA, is now operating ...

ST Solutions’s Regal Industries, LLC has agreed to buy Regal Industries, Louisville, KY.
 
Regal Industries supplies cutting tools, as well as bonded, coated and superabrasive products to industries in Kentucky, Tennessee and Indiana. Regal also offers inventory management solutions to manufacturing facilities. 
 
Key benefits of the acquisition include broadening the service footprint, combining purchases to strengthen buying power, reducing backroom costs and freeing up Regal management to pursue sales growth.
 
We are excited about combining our experienced, valued workforce and services and expanding our geographic footprint,”explained William N. Powell, president and CEO of ST Solutions.

Salem Tools, Salem, VA, is now operating under its new marketing name, ST Solutions, which it says better reflects the services and products it provides.

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.