Mars Supply Acquires Cutting Tool Distributor TC Clipper

Bloomington, MN-based Mars Supply has completed the purchase of the TC Clipper Company, a distributor of cutting tools and related accessories located in Eden Prairie, MN.

Id 35315 Mars Company

Bloomington, MN โ€” Mars Supply has completed the purchase of the TC Clipper Company, a distributor of cutting tools and related accessories, located in Eden Prairie, MN.

Mars Supply is a 94-year-old general line industrial distributor with Minnesota operations in Duluth, Bloomington, Minneapolis, Winona and Virginia. In 2013, Mars purchased the Walter Hammond Company and now runs it as a division of Mars Supply.

When asked about the most recent acquisition, Mars president Bob Mars commented, โ€œWe see this as a strategic move that will allow us access to a new group of customers and suppliers. We are really looking forward to the synergy this acquisition provides.โ€

The TC Clipper Company was founded in 1975 and has been a cutting tool-focused distributor since its inception. It has earned the loyalty of customers by providing quality brands, such as OSG, and a knowledgeable sales staff.

Mike Clipper, son of co-founder Gary Clipper, said, โ€œWe are happy the way this turned out. We are handing the keys over to another local, family-owned company that has the same business philosophy as we do.โ€

The addition of TC Clipper to Mars Supply will benefit both companies. Mars Supply customers will benefit from a broader, deeper cutting tool offering, while Clipper customers will enjoy a wider variety of products and services, such as integrated supply and vending. Beginning today, the company will be known as TC Clipper | Hammond โ€“ Division of Mars Supply, and will be merged into the Walter Hammond Division of Mars Supply over the next several months.

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