Purvis Industries acquires Bates companies
Purvis Industries has acquired The Bates family of companies, which comprises eight companies in Missouri, Kansas, Tennessee, Arkansas, Illinois and New Mexico.
The acquisition includes Bates Sales Company, The Mine Supply Company, IMSCO of Albuquerque, Design Mfg. & Equipment Co., St. Louis Vibrator Products, Conveyor and Drive Equipment Co., C&L Gear & Machine and Munroe Material Handling. Bates and its companies have been in operation over 60 years and account for over $68 million in annual revenue.
Bates has locations serving St. Louis, Hannibal, St. Genevieve, Jackson, Sikeston and Springfield, Mo., as well as locations in Pittsburg, Kan., Newbern, Tenn., and Blytheville and Osceola, Ark. The Mine Supply Company is located in Carlsbad, N.M., Mt Vernon, Ill., Viburnum, Mo., and its IMSCO division in Albuquerque, N.M.
Bates Sales has developed a diverse customer focused group of businesses targeted at providing local inventory and solutions for industrial and mining customers.
“We are excited to be able to bring on an outstanding organization such as Bates Sales, Mine Supply and the other great companies that make up the Bates family of companies. They not only allow us to expand our presence into new geography, but also enable us to further develop and reach into new markets.” said Cameron Barker, vice president of corporate operations for Purvis Industries.
Michael Adorjan, president of Bates, said, “As a company with a strong commitment to an independent distribution philosophy we wanted to ensure whoever would continue the business would have those same values. Bob Purvis and I have known each other through various supplier and independent networking groups and I felt Purvis Industries would be the best match for our people as well as our customers.” Michael Adorjan remain with the company to further develop the Bates and Mine Supply businesses as well as to help facilitate the transition process.
Based in Dallas, Purvis Industries is one of the largest independent bearing and power transmission distributors in the United States, with 68 locations covering 12 states and the province of Alberta, Canada.
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