TACOMA, WA — Stellar Industrial Supply announced on Thursday the signing of a definitive agreement to join forces with Impact Industrial Supplies, of Tampa Bay, FL. The closing of the transaction is scheduled for June 1. Terms were not disclosed.
After the combination is completed, Stellar, headquartered in Tacoma, WA, will have approximately 171 employees. Stellar will have a total of 12 branches; in addition to the headquarters facility in Tacoma, Stellar will have the following branches; Portland, OR, Albany, OR, Eugene, OR, Everett, WA, Ferndale, WA, Seattle, WA, Spokane, WA, Pasco, WA, Upland, CA, Billings, MT, and Tampa, FL.
“The combination of two excellent companies will provide great benefits to all of our constituents, including our customers, employees and vendors. We will be able to provide a broader and deeper array of supplies and services to our customers with our combined companies. This will make us much stronger in our highly competitive market,” said John S. Wiborg, President & CEO of Stellar. “Impact Industrial Supplies is an excellent company, with a reputation for providing its customers with quality products at the highest service levels. Impact knows how to drive value to their customers and how to improve customers’ financial results. Impact affords Stellar an excellent platform on which to build a strong presence in the Southeast. They have experienced and dedicated employees. The combination of Stellar and Impact will result in Stellar having a wider presence in the MRO, Safety supply, Metalworking and Abrasives businesses.”
According to John Diaz, Founder and President of Impact Industrial Supplies, “We feel that this transaction makes a great deal of sense for all concerned or affected by it. We will be working very hard to ensure the transition from two organizations to one is as smooth and seamless as possible. I am confident that this is a very positive direction for our company and will be of great benefit to our customers, employees and vendors. I am looking forward to serving our customers, vendors and employees in the future with the same level of honesty, straightforwardness and commitment they have come to know.”
Diaz will join Stellar’s team as V.P. Sales & Business Development – Southeast Region.
Impact Industrial Supplies is headquartered in Tampa, FL. The Company was founded by John and Rhonda Diaz in 1991 as a value prodiver in MRO and Safety products to a broad array of industries throughout Florida. Impact is a 3M Premier Distributor and a member of Affiliated Distributors and the Industrial Supply Association.
Stellar was founded in 1988. Stellar distributes over 35,000 MRO, metal working, safety, and marine supplies to general manufacturing and processing, machine and metal working shops, marine and construction organizations throughout the West Coast and in several areas elsewhere in the U.S.