Stellar Industrial Supply acquires One Way Industrial Supply
Stellar Industrial Supply has acquired Goleta, California-based One Way Industrial Supply.
The acquisition marks the 11th acquisition over the past 15 years for Stellar Industrial Supply, and bolsters the company’s presence in the LA Metro and Central Valley regions. Local customers benefit with access to a wider range of products and automation solutions, the company said. Terms were not disclosed.
One Way Industrial Supply was founded in 1973 by president and CEO Robert R. Briggs, and is a member of the Industrial Supply Association. It offers name brand items ranging from metal cutting tools and assembly tools to quality control equipment and facilities and storage items. In addition to its Goleta facility warehouse, the company has warehouse and distribution facilities in San Luis Obispo and Ventura.
“California boasts the world’s fourth largest economy, moving recently ahead of Germany. We are excited to expand our presence in this vital region with the acquisition of One Way Industrial Supply, who has well served this region since 1973.. We look forward to building on the reputation with exemplary service and commitment to delivering the best customer experience, bar none,” said John S. Wiborg, Stellar Industrial Supply president and CEO.
The acquisition adds nine new teammates, bringing Stellar's headcount to around 220 companywide.
Stellar currently has 16 regional hubs, in Oregon, Washington, California, Colorado, Montana, Arizona, Pennsylvania, Nevada and Florida.
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