Machinery Systems Inc. (MSI) has announced the sale of its Machinery Tooling & Supply company to DXP Enterprises, Inc. (NASDAQ: DXPE). Headquartered in Houston, Texas, DXP Enterprises is a publicly traded industrial distributor of technical products and services for MRO (maintenance, repair, operating), OEM and capital equipment customers. DXP has over 178 locations throughout the United States, Canada, Sonora, Mexico and Dubai including 7 regional distribution centers, 58 Supply Chain Service locations, eight fabrication centers, and over 3,300 employees.
Machinery Tooling & Supply will continue to operate under the leadership of Robert (Bob) Cuthbertson, President, and under its own distinct brand identity. It will maintain its facilities in Schaumburg, Illinois and Brookfield, Wisconsin; however, will likely relocate to larger facilities in the future based on anticipated growth. The company has 55 employees. The company offers a full line of cutting tools and industrial supplies, including MRO, health and safety products, and inventory management systems designed to help tooling customers cut costs by 25% or more. “We’re thrilled with what this expansion will mean to our customers,” explains Ron Mager, president & CEO, Machinery Systems Inc. “Overall, the transition will be seamless from their perspective, with the exception of increased services and products.”
“The joining of Machinery Tooling & Supply and DXP was a natural fit,” adds Mager. “DXP’s mission, culture and growth plans mirror Machinery Tooling & Supply’s, which in the past few years has more than doubled in size.”
Machinery Tooling & Supply’s and Machinery Systems Inc.’s customers will continue to enjoy access to both company’s services and products lines through their strategic allegiance.
To find out more, call (847) 310-8665.
