MSC Industrial Supply Co. (NYSE: MSM), a distributor of metalworking and maintenance, repair and operations supplies, announced it has acquired New York-based OEM distributor Tower Fasteners. Tower Fasteners President Mark Shannon will continue to lead the business under its current name.
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“We are excited to add Tower Fasteners to our growing portfolio of businesses, all focused on helping manufacturers solve their mission-critical challenges. Tower will expand our presence in the OEM fastener market and provide an entrée into new end-markets like electronics and medical equipment. We look forward to supporting the growth and success of their customers together,” MSC President and CEO Erik Gershwind said.
Tower Fasteners operates eight distribution centers along the East Coast and in the Southwestern regions of the United States, Mexico and Europe. Tower serves manufacturers in the industrial, electronics, medical equipment, aerospace, military, security, fire and safety sectors.
