M&A Deal Summary

MSC Industrial Direct Acquires J&L America

On June 8, 2006, MSC Industrial Direct acquired distribution company J&L America from Kennametal for 350M USD

Acquisition Highlights
  • This is MSC Industrial Direct’s 1st transaction in the Distribution sector.
  • This is MSC Industrial Direct’s 2nd largest (disclosed) transaction.
  • This is MSC Industrial Direct’s 1st transaction in the United States.
  • This is MSC Industrial Direct’s 1st transaction in Michigan.

M&A Deal Summary
Date 2006-06-08
Target J&L America
Sector Distribution
Buyer(s) MSC Industrial Direct
Sellers(s) Kennametal
Deal Type Divestiture
Deal Value 350M USD

Target

J&L America

Southfield, Michigan, United States
J&L Industrial Supply is a specialty metalcutting and finishing distributor. J& L provides its base of over 74,000 customers with an industry-leading offering of the top brands in metalworking. J & L services its customers through its 2,100-page catalog, its e-commerce portal and a sales force of approximately 140 associates.

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Buyer(S) 1

Buyer

MSC Industrial Direct

Melville, New York, United States

website

Category Company
Founded 1941
Sector Distribution
Employees6,372
Revenue 3.7B USD (2022)
DESCRIPTION

MSC Industrial Direct is one of the direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout the United States. MSC employs sales forces and distributes over 500,000 industrial products from over 2000 suppliers to over 300,000 customers. MSC Industrial Direct was founded in 1941 and is based in Melville, New York.

DEAL STATS #
Overall 1 of 13
Sector (Distribution) 1 of 12
Type (Divestiture) 1 of 3
State (Michigan) 1 of 1
Country (United States) 1 of 12
Year (2006) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-09 Rutland Tool & Supply

Whittier,, California, United States

Rutland Tool & Supply Co., Inc.markets and distributes a broad range of industrial tools, cutting tools, abrasives, machinery, precision instrument supplies, safety products and other MRO related supplies to over 20,000 customers.

Buy $11M

Seller(S) 1

SELLER

Kennametal

Pittsburgh, Pennsylvania, United States

website

Category Company
Founded 1938
Sector Machinery
Employees8,700
Revenue 2.1B USD (2023)
DESCRIPTION
Kennametal trade show display booth at the 2014 IMTS show in Chicago.
Kennametal trade show display booth at the 2014 IMTS show in Chicago.

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 3 of 8
Sector (Distribution) 2 of 2
Type (Divestiture) 3 of 8
State (Michigan) 1 of 1
Country (United States) 3 of 7
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 VMB / Diva-Tec Group

Germany

VMB / Diva-Tec Group supplier of ECM (Electro Chemical Machining) technologies and solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-10 Sintec Group

Buching, Germany

Sintec Group is a manufacturer of ceramic engineered components used in the aerospace, general engineering, metallizing and medical markets

Buy -
Mergr

Product

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