DGI Supply Announced Its Intent to Acquire Tool & Abrasive Supply, Inc.

DGI Supply, a DoALL Company announced today its intent to acquire Tool & Abrasive Supply, Inc. of Los Angeles, California. The transaction is anticipated to close on October 1, 2012. Terms were not disclosed. Ken Saunders, current Tool & Abrasive President, will continue to manage the company after the acquisition. Bill Henricks, Chief Operating Officer of DoALL Company, stated, “The merging of these two exceptional teams will further fuel our success in Southern California. This blend will provide a broader range of support and resources for our customers. With Tool & Abrasive’s dedicated team, we look forward to delivering the same great products and service our customers have come to depend on for decades.” Based in Los Angeles, California Tool & Abrasive, Inc. was founded in 1957. Tool & Abrasive is a industrial distributor specializing in carbide and high speed steel cutting tools, abrasives, CNC tooling & work holding systems, cutting fluids & MROP products. DGI Supply is a full line industrial distribution company which represents over 1,500 of the best brand names in the industry. In business since 1927, DGI Supply has 49 sales offices in North America. DGI is recognized for its ability to generate exceptional documented cost savings and productivity improvements for their customers. Source: Manufacturing