Production Tool Supply Acquires NNT Corporation
Production Tool Supply has acquired NNT Corporation, Itasca Illinois, one of the premier industrial distributorships in the metropolitan Chicago area.
Like PTS, NNT was a family owned and operated business for over 50 years. NNT is a major industrial distributor providing an extensive range of products and services to a wide range of industries. Top quality carbide tools, HSS cutting tools, tool holders and fixtures, industrial pumps, cutting fluids and lubricants, and industrial supplies are among the many products they supply.
“We are excited to welcome the talented and dedicated employees of NNT to our growing family of companies.” said Larry Wolfe, President of Production Tool Supply. “In addition to product knowledge, the NNT staff has a reputation for fairness, honesty and discretion. We are confident NNT will be a trusted extension of our business. We look forward to the many new opportunities we will be afforded as a result of our new relationship with this dynamic company. Together, we will continue to strengthen our position in the industrial marketplace.”
Former owners, Dave and Mike Nyc will continue with the company in executive/leadership positions.
Dave Nyc, former president of NNT said: “NNT has enjoyed a good working relationship with PTS through the years. PTS has earned their position as an Industry leader and joining their family is truly exciting. The entire NNT staff looks forward to the continued growth, expanded product offerings and the support PTS brings to our market. We will continue to enjoy working together as a part of the PTS family of companies.”