MSC Industrial Direct Company, one of the largest direct marketers and premier distributors of metalworking and maintenance, repair and operations (MRO) supplies to industrial customers throughout the United States, announced that it has completed its previously-announced acquisition of Rutland Tool & Supply Company, a subsidiary of Lawson Products Inc. for approximately $11 million in cash plus the assumption of certain liabilities. The company continues to expect the acquisition to become accretive to earnings in late-fiscal 2011 or early-fiscal 2012.
Based in Whittier, Calif., Rutland was founded in 1955 and markets and distributes a broad range of industrial tools, cutting tools, abrasives, machinery, precision instrument supplies, safety products and other MRO-related supplies to more than 20,000 customers. Customers have access to over 100,000 items through multiple channels including web, showrooms, catalogs and sales flyers. Rutland's customer base includes industrial machine and metalworking shops, as well as maintenance and repair facilities. In 2009, Rutland generated revenue of $33.7 million.