TACOMA, WA – Stellar Industrial Supply announced Friday the signing of a letter of intent to join forces with Tucson Abrasives, of Tucson, AZ. The closing of the transaction is scheduled during Stellar's fiscal third quarter. Terms were not disclosed.
After the combination is completed, Stellar, headquartered in Tacoma, WA, will have approximately 175 employees. Stellar will have a total of 13 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, Tampa, FL, and Tucson, AZ.
"The combination of two excellent companies will provide great benefits to our customers, associates and suppliers. Together we will be able to provide a broader array of products and services to our customers," said John S. Wiborg, President & CEO of Stellar. "Tucson Abrasives is an excellent company, with a reputation for providing their customers quality products with high service levels and know how to drive value to their customers’ financial results. Tucson Abrasives affords Stellar an excellent platform on which to build a strong presence in the Arizona market through their experienced and dedicated team. The combination of Stellar and Tucson Abrasives will afford Stellar a wider presence in the Metalworking, Abrasives, MRO (maintenance, repair and operation), and Safety businesses."
Tucson Abrasives is part of Southwest Packing Partners, Inc., providing abrasives and MRO products to a broad array of industries throughout Arizona. Tucson Abrasives is a 3M Distributor and a member of the Industrial Supply Association.
"We feel that this transaction is a great fit for our customers, suppliers, employees and investors," said John Lott, Tucson Abrasives CEO. "Our team is committed to ensuring the transition from two organizations to one is as smooth and seamless as possible. I am confident that this is a very positive next step for everyone that has come to trust Tucson Abrasives over our company’s long history."
Stellar Industrial Supply, founded in 1988, consults on over 35,000 MRO, metal working, safety and marine products on complex applications ranging from aerospace, marine, food, and general manufacturing, machine and metal working shops, and commercial construction projects throughout the United States.