Terms of the deal were not disclosed, although Newsday reports that MSC paid approximately $42 million for DECO.
Strengthening MSC's presence in the U.S. midwest, the transaction was completed on July 31. DECOs had 2016 sales of approximately $100 million. It has more than 190 employees across its 10 branch offices primarily in the midwest.
MSC says that in time, it will be able to provide DECO customers access to MSC’s 1 million-plus product portfolio to support their full metalworking and MRO needs.
“We are extremely excited about the acquisition of DECO, which has long been one of the best metalworking distributors in the country, with a well-earned reputation for integrity, customer service and quality," said MSC president and CEO Erik Gershwind. "DECO is a perfect fit with our strategic plan as the acquisition enhances our metalworking business, which is the foundation of MSC. DECO brings a talented team with considerable experience and expertise, and strengthens our presence in several important markets in the midwest. We are equally excited by the expanded offering MSC can bring to the DECO customers, including a broad and deep MRO product portfolio, next-day delivery, inventory management solutions and more.”
Both DECO and MSC each bring more than 70 years of expertise in metalworking and MRO solutions.
“DECO and MSC represent a powerful combination," said DECO president Dennis Quinn. "Both organizations offer decades of metalworking expertise through top-notch people who put the customer first. Leveraging the strengths of DECO and MSC will provide our customers greater product offerings, service levels and value-added solutions to help them succeed."