Stellar Industrial Supply has agreed to acquire Knoxville, Tenn.-based metalworking distributor The Tool Crib, Inc. (TCI).
Closing is Aug. 31, 2023. TCI, with a location in Knoxville focused on metalworking and technical support to both large and small manufacturing facilities in the Southeastern U.S., becomes the 18th regional hub for Stellar Industrial Supply as it builds out a coast-to-coast presence.
“Stellar Industrial Supply is ecstatic to expand our coast-to-coast presence as this acquisition gives us an immediate strong Southeast regional footing. The Slagles have done a marvelous job building TCI’s outstanding reputation for delivering high-value, consultative partnering with their customers. That approach perfectly mirrors the laser-focused, customer-centric approach we strive for at Stellar,” said Stellar Industrial Supply President and CEO John Wiborg.
Stellar Industrial Supply now has 18 regional hubs, with facilities in Oregon, Washington, California, Utah, Nevada, Colorado, Montana, Arizona, Tennessee, Pennsylvania and Florida.
The Tool Crib specializes in metal-cutting tools, grinding wheels, die supplies, precision tools, gaging equipment and related lines for automotive, aerospace, firearms, defense, and all associated and related industries around these primary markets.