MSC Industrial Direct Co., Melville, NY, is entering the Canadian market with its acquisition of Barnes Distribution North America.
The acquisition doubles MSC’s sales force and expands its portfolio of inventory management solutions and other metalworking and MRO products and services.
Barnes Distribution is based in Cleveland, OH, and distributes fasteners and other high margin, low cost consumables with a broad distribution footprint in Canada and the US. The company operates three distribution centres in Canada in Alberta, Ontario and New Brunswick.
“MSC’s acquisition of BDNA reflects our continued commitment to provide our customers with the best, most accessible metalworking and MRO solutions” says Eric Gershwind, president and CEO of MSC. “Now, customers across both the United States and Canada will benefit from unparalleled inventory management solutions, an expanded product portfolio and an enhanced ability to help their businesses succeed. From a business perspective, this transaction, along with our expected long-term organic growth, will help us to achieve our goal of $4 billion in revenues by 2016.”