Stellar Industrial Supply acquires Triad Tooling
Stellar Industrial Supply has acquired Longmont, Colorado-based Triad Tooling.
The acquisition, the company’s 10th over the past 15 years, gives Stellar Industrial Supply an immediate and strong market presence in the Rocky Mountain region, offering customers a much wider breadth and depth of products. Terms were not disclosed.
“Triad Tooling is renowned in the Rocky Mountain Region for its reputation and commitment in delivering the best products, best service, and best customer experience, bar none. Stellar Industrial Supply is honored to build on that tradition and eager to serve the Rocky Mountain region moving forward,” said John S. Wiborg, Stellar Industrial Supply president and CEO.
With the addition of Triad Tooling, Stellar now has 14 regional hubs, including: Portland and Albany, Oregon; Everett, Tacoma, Seattle and Spokane, Washington; Upland and San Luis Obispo, California; Billings, Montana; Phoenix, Arizona; Lawrence, Pennsylvania; Sparks, Nevada; and Tampa, Florida. As part of the acquisition Stellar will bring on five new teammates, bringing its headcount to approximately 210 companywide.
“Triad Tooling has been honored for many years to serve great customers and build relationships that will last a lifetime. It has always been our goal to offer the best service possible to the people who have made us successful. The natural next step to continue to add value for our customers is to join forces with Stellar Industrial Supply. As we make the transition to Stellar, we know the future is bright and they will not only offer the same level of commitment and service Triad has but will improve upon that exponentially,” said Rhonda Spreng, owner; Candace Lohr, president; and Ross Lohr, COO, in a joint statement.
In addition to its wide range of products, Stellar Industrial Supply is known for its Documented Cost Savings (DCS) program that creates “Ideal Customer-Supplier Partnerships.” Working on behalf of both parties, Stellar Industrial Supply deploys the most efficient, cost-effective products that optimize plant operations and help run them smartly and safely.
In 2021, DCS generated nearly $17.9 million in 2021 savings, or $48,378 average DCS across 370 customers. Over the past 10 years the program has accrued more than $148 million in customer savings and reduced costs.
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.
