MSC Industrial Direct

MSC Industrial Direct (3)

MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM), "MSC", one of the premier distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States, announced today that it has acquired American Tool Supply, Inc. ("ATS") and its affiliate, American Specialty Grinding Co., Inc. ("ASG").  The two companies together generate approximately $50 million in annual sales. Terms of the transactions were not disclosed.

David Sandler, President and Chief Executive Officer of MSC, stated, "We are very excited about acquiring American Tool Supply, Inc. and American Specialty Grinding Co., Inc. as yet another step in the execution of our long-term growth strategy.  We've always had a lot of respect for their principals, Ray Fontaine, Jay Bath, and Rich Duplessie, the outstanding Team they have built as well as the value added capabilities of both ATS and ASG.  Now, we bring together the best of both companies to add to our presence in the northeast region."

Rich Duplessie, Director of ATS, said, "This is a great opportunity for MSC, ATS and ASG, our associates, customers and our suppliers.  Together, we will bring a depth and breadth of metalworking expertise, services and solutions to our customers that are unmatched in the industry. We are very excited about the growth opportunity in front of us."

Headquartered in Chicopee, MA, American Tool Supply, Inc. was founded in 1983. With locations in MA, NH, CT, and NC, American Tool Supply Inc. provides customers with a full line of metalworking supplies and an experienced metalworking sales team. Also headquartered in Chicopee, MA, American Specialty Grinding Co., Inc. was founded in 1969 and specializes in custom made tools and re-sharpening services.

For more information, visit: www.mscdirect.com

MSC Industrial Direct Co., Inc., one of the country's leading suppliers of metalworking and MRO solutions, will highlight efficient inventory management solutions and a wide range of personal protective equipment and facility safety products at ASSE’s SAFETY 2011 show. Attendees who visit MSC at booth #755 will experience the company’s innovative vending solutions and PRO-SAFE® product line. SAFETY 2011 will be held June 12 – 15 at McCormick Place West in Chicago, Illinois.

Exclusive to MSC Industrial Direct, the PRO-SAFE brand spans over 1,100 products within the PPE and facility safety categories, many of which are proudly made in America. Competitively priced for cost-conscious customers, PRO-SAFE products are high quality, meeting or exceeding applicable ANSI standards. CAP 500e vending-machine-type dispensing units allowshops to reduce inventory levels and reduce waste. The systems are electronically connected to allow automation of replenishment orders, as well as efficient tracking of stock levels for inventory-managed items.

When a product reaches a predetermined level, an order is automatically placed and details are emailed to the user so that a stock-out can be avoided. Additionally, shops can make arrangements with their local MSC representatives to maintain extra stock of those particular products most often used at their facilities. This provides additional flexibility in the event that workloads shift rapidly and supply of a product is fully depleted.

MSC Industrial Direct Co., Inc. is one of the largest direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations (“MRO”) supplies to industrial customers throughout the United States. MSC employs one of the industry’s largest sales forces and distributes approximately 600,000 industrial products from approximately 3,000 suppliers to approximately 317,000 customers. In-stock availability is approximately 99%, with next day standard delivery to the contiguous United States on qualifying orders up until 8:00p.m. Eastern Time. MSC reaches its customers through a combination of approximately 22 million direct-mail catalogs, 96 branch sales offices, 998sales people, the Internet and associations with some of the world's most prominent B2B eCommerce portals.

For more information visit: www.mscdirect.com

MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM), "MSC" or the "Company," one of the largest direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States, announced today that it has completed its previously-announced acquisition of Rutland Tool & Supply Co. ("Rutland"), a subsidiary of Lawson Products, Inc. (Nasdaq: LAWS) for approximately $11 million in cash plus the assumption of certain liabilities.  The Company continues to expect the acquisition to become accretive to earnings in late-fiscal 2011 or early-fiscal 2012.

Based in Whittier, CA, Rutland was founded in 1955 and markets and distributes a broad range of industrial tools, cutting tools, abrasives, machinery, precision instrument supplies, safety products and other MRO related supplies to over 20,000 customers.  Customers have access to over 100,000 items through multiple channels including web, showrooms, catalogs and sales flyers. Rutland's customer base includes industrial machine and metalworking shops, as well as maintenance and repair facilities.  In 2009, Rutland generated revenue of $33.7 million.

About MSC Industrial Direct Co., Inc.

MSC Industrial Direct Co., Inc. is one of the largest direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States. MSC employs one of the industry's largest sales forces and distributes approximately 600,000 industrial products from approximately 3,000 suppliers to approximately 320,000 customers.  In-stock availability is approximately 99%, with next day standard delivery to the contiguous United States on qualifying orders up until 8:00 p.m. Eastern Time.  MSC reaches its customers through a combination of approximately 22 million direct-mail catalogs, 96 branch sales offices, 973 sales people, the Internet and associations with some of the world's most prominent B2B eCommerce portals. For more information, visit the Company's website at http://www.mscdirect.com.

CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Statements in this Press Release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained herein which are not statements of historical facts and that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, including statements about the expected benefits of the acquisition shall be deemed to be forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events, actual results and performance, financial and otherwise, could differ materially from those set forth in or contemplated by the forward-looking statements herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation, problems with successfully integrating acquired operations, current economic, political and social conditions, changing customer and product mixes, financial restrictions on outstanding borrowings, industry consolidation, competition, general economic conditions in the markets in which the Company operates, volatility in commodity and energy prices, credit risk of our customers, risk of cancellation or rescheduling of orders, work stoppages or other business interruptions (including those due to extreme weather conditions) at transportation centers or shipping ports, the risk of war, terrorism and similar hostilities, dependence on the Company's information systems and on key personnel, and the outcome of potential government or regulatory proceedings or future litigation relating to pending or future claims, inquiries or audits.  Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's reports on Forms 10-K, 10-Q and 8-K that the Company files with the U.S. Securities and Exchange Commission.  The forward-looking statements in this press release are based on current expectations and the Company assumes no obligation to update these forward-looking statements.

SOURCE: PRNewswire

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