MSC Industrial Supply Acquires ApTex And Premier Tool Grinding; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Supply has acquired ApTex and Premier Tool Grinding. The combined revenue of the two companies is slightly over $20 million in 2023. The acquisitions are expected to be net neutral to MSC's fiscal year 2024 net income.
June 25, 2024 | 9:32 pm
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MSC Industrial Supply has acquired ApTex and Premier Tool Grinding, adding a combined revenue of slightly over $20 million in 2023. The acquisitions are expected to be net neutral to MSC's fiscal year 2024 net income.
The acquisitions add a modest revenue boost of $20 million, but the net neutral impact on FY 2024 net income suggests limited short-term financial impact. Investors may view this as a strategic move with long-term potential.
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