Stellar Industrial Supply to acquire Memphis metalworking distributor
Stellar Industrial Supply has signed a Letter of Intent to acquire Memphis, Tennessee-based metalworking distributor IMC Supply (IMC). The closing was December 31, 2023.
IMC, a 64-year old business focused on metalworking and technical support to both large and small manufacturing facilities in the Southeastern United States, becomes the 19th regional hub for Stellar Industrial Supply as it builds out a coast-to-coast presence.
“Stellar Industrial Supply is grateful to expand our coast-to-coast presence as this acquisition gives us an immediate strong Southeast regional footing," said Stellar Industrial Supply President and CEO John Wiborg. "Mark Hill has done a marvelous job building IMC’s outstanding reputation for delivering high value, consultative partnering with their customers. That approach perfectly mirrors the laser-focused, customer-centric approach we strive for at Stellar.”
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
