Expanding its metalworking base into the aerospace industry
In June 2021, MSC Industrial Direct Co. Inc. (MSC Industrial) acquired a majority ownership interest in Wm. F. Hurst Co., LLC (Hurst), a Kansas-based distributor of metalworking tools and supplies. Hurst’s deep expertise and relationships in the aerospace industry will be conducive in growing MSC Industrial’s metalworking base and serve for expanding its technical capabilities in the aerospace industry. Specifically, MSC Industrial owns an 80% interest in the Hurst, and Hurst will continue to do business under its own name.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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