Posted April 11, 2011
DGI Supply to buy Midwest Industrial Tools
DGI Supply, a DoALL Company, has signed a letter of intent to purchase all outstanding shares of Midwest Industrial Tools Inc. of Omaha, Neb.
The deal is expected to be finalized by May 1. Allan Chartier, president and CEO of MIT, will remain with the company through the transition.
Midwest Industrial Tools Inc. (MIT) is a full-service industrial distributor of maintenance, repair, operations, and production tooling and industrial supplies and sells to industrial manufacturing customers in Nebraska, western Iowa and southeastern South Dakota. In addition to its Omaha headquarters, MIT has a location in Columbus, Neb.
"We are thrilled to join MIT's talented team with ours. Their technical sales force and value-added services are the perfect strategic fit," said Bill Henricks, chief operating officer for DoALL Company.
DGI Supply intends to broaden the inventory in MIT's 30,000-square-foot facility in Omaha and plans to use order fulfillment operations in Omaha and Columbus to supplement DGI's logistics network.
"The combined inventory will improve service levels and DGI's automated systems will improve efficiency while reducing errors. With the MIT account managers providing the same high level of technical support and now offering better service and logistics, this move is a strong positive for MIT customers," Henricks said.
In business since 1927, Wheeling, Ill.-based DGI Supply has 46 sales offices in North America.
