Shares of MSC Industrial Direct (MSM) rose more than 2.5% during Friday's trading session. The distributor of industrial tools and MRO supplies announced the acquisition of the distribution activities of Barnes Group (B) before the market open.
The Deal
MSC Industrial announced that it has greed to acquire the North American distribution activities of Barnes Group. The unit provides fasteners and other high margin consumable products and services combined with an industry-leading field sales force and vendor managed inventory solution.
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