8/19/2013 11:25:00 AM
HEADLINES
MSC Closing BDNA’s Corporate HQ In Cleveland
MSC Industrial Direct plans to close the corporate headquarters of its newly-acquired Barnes Distribution North America operations in Cleveland, Industrial Distribution reports.
MSC will merge the Cleveland facility into MSC’s new corporate headquarters in Davidson, NC.
MSC CEO Erik Gershwind said many of the Cleveland employees will relocate to Davidson, with a “small number of associates remaining in a satellite Cleveland presence,” according to a conference call transcript provided by seekingalpha.com.
About 120 employees of MSC’s former headquarters in Melville, NY will also relocate to Davidson.
MSC will integrate 5 of the 9 BDNA locations into MSC operations over the next 18 months.
“Three of the locations will consolidate sooner, while two will wait for our Columbus Fulfillment Center until it’s up and running to absorb the incremental volume,” Gershwind stated.
“The four buildings that will remain include our three Canadian locations and the repackaging center, which brings added capabilities to our network and which we plan to leverage for improved purchasing.”
MSC completed its $550 million acquisition of BDNA on April 22, 2013. ©2013 GlobalFastenerNews.com
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