MSC Shareholders Approve Elimination of Dual-Class Structure
The Melville, New York-based MRO product and service distributor first announced its reclassification plan in June.
MSC Shareholders Approve Elimination of Dual-Class Structure Read More »
MSC Industrial
MSC to Eliminate Dual-Class Structure
The company made the decision based on the recommendation of a special committee composed entirely of independent directors.
MSC to Eliminate Dual-Class Structure Read More »
MSC’s Shacklett Earns ISA’s Women’s Influence Award
The award honors members for their commitment to advancing the development and influence of women in the industrial supply channel.
MSC’s Shacklett Earns ISA’s Women’s Influence Award Read More »
MSC Inks eCommerce Deal with MachiningCloud
MSC has agreed to be the exclusive eCommerce distributor for digital software platform MachiningCloud.
MSC Inks eCommerce Deal with MachiningCloud Read More »
MSC Posts Strong, But Slower Sales Growth as Margins Shrink
Double-digit year-over-year sales and profit gains continued for the distributor, for which eCommerce comprised 62% of quarterly sales.
MSC Posts Strong, But Slower Sales Growth as Margins Shrink Read More »
MDM Podcast: MSC Says Acquisitions Aren’t Just Business, They’re Personal
As a primer to MDM’s Feb. 22-23 Virtual M&A Summit, we chat with MSC Industrial Supply leaders Erik Gershwind and Jim Drohan about the company’s recently aggressive M&A strategy.
MDM Podcast: MSC Says Acquisitions Aren’t Just Business, They’re Personal Read More »
MSC Fiscal 1Q Sales Rise 12.9%
The distributor posted operating income of $116 million as it had yet another month with double-digit year-over-year quarterly sales growth.
MSC Fiscal 1Q Sales Rise 12.9% Read More »
MSC Industrial Adds L’Oréal Executive to Board
On Dec. 1, MSC’s board of directors elected Rahquel Purcell to serve as a director, effective immediately.
MSC Industrial Adds L’Oréal Executive to Board Read More »
MSC Closes its Fiscal 2022 with More Double-Digit Daily Sales Gains
The metalworking and MRO supplies distributor’s fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
MSC Closes its Fiscal 2022 with More Double-Digit Daily Sales Gains Read More »
MSC Adds Former Hilti Exec as COO
Simultaneously, the company’s current supply chain leader will transition responsibilities ahead of his planned retirement.
MSC Adds Former Hilti Exec as COO Read More »
MSC Acquires Tower Fasteners; 3rd Deal in 14 Months
The metalworking and MRO supplies distributor is suddenly on an acquisition streak.
MSC Acquires Tower Fasteners; 3rd Deal in 14 Months Read More »
2Q M&A Report: Robust Activity Despite Signs of Pending Slowdown
Following a relatively slow 1Q, distribution M&A increased in the April-June period, ending 2Q with one of the biggest months in deal volume over the past two years.
2Q M&A Report: Robust Activity Despite Signs of Pending Slowdown Read More »
Major Industrial Distributors Don’t Sound Too Concerned About a Downturn
Fastenal, MSC Industrial Supply, MRC Global and more have voiced considerable optimism despite numerous economic red flags.
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Major Industrial Distributors Don’t Sound Too Concerned About a Downturn Read More »
MDM’s Top Stories from 2022’s 2Q
We look back at the blogs, articles and news items that attracted the most attention during the second quarter of 2022.
MDM’s Top Stories from 2022’s 2Q Read More »
June 2022 M&A Roundup: Rare Deal by MSC Industrial Makes Splash
Bolt-on acquisitions have been infrequent for the metalworking and MRO supplies distributor, which acquired Engman-Taylor in early June. Read more about the past month’s M&A activity.
June 2022 M&A Roundup: Rare Deal by MSC Industrial Makes Splash Read More »
AIS President to Lead NFDA
Nick Ruetz has been elected president of the National Fastener Distributors Association for the 2022-23 term.
AIS President to Lead NFDA Read More »
MSC Reports Continued Double-Digit Sales Gains
The company reported fiscal 2022 third-quarter net sales of $958.6 million for the three-month period ended May 28.
MSC Reports Continued Double-Digit Sales Gains Read More »
MSC Industrial Grows in Midwest, Acquires Engman-Taylor
It’s only MSC’s third acquisition since 2018, gaining a fellow metalworking and industrial supplies distributor.
MSC Industrial Grows in Midwest, Acquires Engman-Taylor Read More »
MSC Hires New SVP & Information Officer
The distributor of metalworking and MRO products says John Hill has joined the company as senior vice president and chief digital information officer.
MSC Hires New SVP & Information Officer Read More »
MSC Industrial CEO Discusses Pricing, Vending, Labor After Big March
Preliminary figures show March was MSC’s best sales month ever. Here’s a recap of CEO Erik Gershwind’s comments from a March 30 earnings call.
MSC Industrial CEO Discusses Pricing, Vending, Labor After Big March Read More »
