MRO and industrial supplier Fastenal has agreed to acquire “certain assets” of fastener supply distributor Manufacturer's Supply Company (Mansco).

MRO and industrial supplier Fastenal has agreed to acquire “certain assets” of fastener supply distributor Manufacturer’s Supply Company (Mansco).
The Michigan-based company recorded sales of around $50 million in 2016.
Mansco focuses on fastener products, with a particularly strong market position with commercial furniture OEM and is complementary to Fastenal which is a very small player in that sector.
The agreement includes several conditions to close, but is expected to be concluded by the end of this month.

Source: https://www.opi.net