MSC Industrial Supply Co., a distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, has acquired ApTex Inc. and Premier Tool Grinding Inc.
Under the purchase agreements, both companies will continue to operate under their current names as MSC companies. Combined, the two companies had estimated revenues of slightly over $20 million in 2023 and have 58 associates. Both acquisitions are expected to be net neutral to MSC's fiscal year 2024 net income.
ApTex, based in Waukesha, Wisconsin, is a production-oriented industrial distributor with a focus on cutting tools, abrasives, metalworking fluids, as well as workholding systems and components. ApTex is a highly technical metalworking distributor with a focus on value-added services and solutions to drive cost savings through every step of the customers' production process.
Premier Tool Grinding designs, manufactures, reconditions, and coats carbide cutting tools. Located in Goodyear, Arizona, the company has made significant strides over the years, transitioning from manual grinding machines in its early beginning in 1991 to a fully automated shop equipped with CNC machines and state-of-the-art PVD coating machines.
MSC President and Chief Executive Officer Erik Gershwind said, "We are thrilled to welcome ApTex and Premier Tool Grinding into the MSC family. ApTex will strengthen our position to gain share in the surrounding Wisconsin area by combining ApTex's deep technical expertise with MSC's best-in-class metalworking offering. Additionally, Premier Tool Grinding will bolster MSC's specialty tooling and regrinding service offering that was recently enhanced through the acquisition of Tru-Edge and expands our reach to western parts of the U.S."
Dean Meier, President of ApTex, said, "As we join the MSC family, we look forward to combining our technical expertise and solution-driven approach with MSC's expanded product offering to drive further cost savings for customers."
"Joining forces with MSC represents a significant milestone for us. It's an opportunity to leverage our innovative spirit and technical prowess on a larger scale. We are excited to contribute to MSC's legacy of excellence and to continue delivering unparalleled solutions to our customers," said Shaun Schilling, Co-Owner of Premier Tool Grinding.
Related Glossary Terms
- computer numerical control ( CNC)
computer numerical control ( CNC)
Microprocessor-based controller dedicated to a machine tool that permits the creation or modification of parts. Programmed numerical control activates the machine’s servos and spindle drives and controls the various machining operations. See DNC, direct numerical control; NC, numerical control.
- grinding
grinding
Machining operation in which material is removed from the workpiece by a powered abrasive wheel, stone, belt, paste, sheet, compound, slurry, etc. Takes various forms: surface grinding (creates flat and/or squared surfaces); cylindrical grinding (for external cylindrical and tapered shapes, fillets, undercuts, etc.); centerless grinding; chamfering; thread and form grinding; tool and cutter grinding; offhand grinding; lapping and polishing (grinding with extremely fine grits to create ultrasmooth surfaces); honing; and disc grinding.
- metalworking
metalworking
Any manufacturing process in which metal is processed or machined such that the workpiece is given a new shape. Broadly defined, the term includes processes such as design and layout, heat-treating, material handling and inspection.
- physical vapor deposition ( PVD)
physical vapor deposition ( PVD)
Tool-coating process performed at low temperature (500° C), compared to chemical vapor deposition (1,000° C). Employs electric field to generate necessary heat for depositing coating on a tool’s surface. See CVD, chemical vapor deposition.
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