Industrial distributor MSC Industrial Direct Co Inc said it bought privately held ATS Industrial Supply for an undisclosed sum to expand its presence in the United States.The deal, which is expected to close on Jan. 31, would reduce MSC Industrial's earnings by about 1 cent to 2 cents in fiscal 2012, but add about 2 cents to 3 cents a share in fiscal 2013.Salt Lake City, Utah-based ATS Industrial is a metalworking and MRO (maintenance, repair, and operations) industrial distributor in the Rocky Mountain region. It posted 2011 sales of about $34.5 million.U.S. industrial distributors have propped up their acquisition drive to expand their product range and take advantage of the market slowdown.
MSC Industrial Direct Co., Inc. (MSC) is a direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. Shares of MSM remained unchanged at $76.37. In the past year, the shares have traded as low as $49.72 and as high as $79.22. On average, 329923 shares of MSM exchange hands on a given day and today's volume is recorded at 0.
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