Mars Supply acquires T.C. Clipper Company
Mars Supply announced the acquisition of T.C. Clipper Company, an Eden Prairie, Minnesota-based distributor of cutting tools and related accessories.
“We see this as a strategic move that will allow us access to a new group of customers and suppliers. We are really looking forward to the synergy this acquisition provides,” said Bob Mars, Mars Supply president.
He added that the acquisition will benefit both companies. Mars Supply customers will benefit from a broader, deeper cutting tool offering while Clipper customers will enjoy a wider variety of products and services.
The T.C. Clipper Company was founded in 1975 and has been a cutting tool focused distributor since its inception. Mike Clipper, son of co-founder Gary Clipper, said, “We are happy the way this turned out. We are handing the keys over to another local family-owned company that has the same business philosophy as we do.”
Mars Supply is a 94-year-old general line industrial distributor with operations in Duluth, Bloomington, Minneapolis, Winona and Virginia, Minnesota.
INDUSTRIAL SUPPLY MAGAZINE
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