Acklands-Grainger buys Quebec distributor
Acklands-Grainger Inc. has acquired the assets of Baie-Comeau industrial distributor Fercomat Inc.
Acklands-Grainger expects an incremental sales contribution of approximately $3 million from this acquisition over the next 12 months. Terms of the deal were not disclosed.
"Fercomat has a strong track record of service and by working together, we will leverage our combined expertise to offer local customers - such as mining, hydroelectricity and aluminum industries - access to the broad array of products and services they need to help keep their facilities running and their employees safe," said Sean O'Brien, president, Acklands-Grainger. "We're committed to serving the needs of Quebec businesses and this acquisition helps ensure we're in the best position to do so."
"Fercomat has worked hard since 1957 to provide businesses and institutions in Quebec with quality products and strong technical expertise," said Pierre Dassylva, president, Fercomat. "We are thrilled to be joining Canada's leading industrial, safety and fastener distributor and know our customers will benefit from Acklands-Grainger's broad product offering, industry-leading supply chain and commitment to service."
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GME Supply. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Howard Coleman, as well as interviews with numerous product and distribution industry experts.
