BlackHawk Industrial acquires L.A. Tool & Supply
BlackHawk Industrial has acquired L.A. Tool & Supply Co. in Akron, Ohio.
This is BlackHawk’s third acquisition in Ohio in less than a year. Financial terms of the transaction were not disclosed.
"BlackHawk has been accelerating its acquisition activity in recent years and bolstering its capabilities by aggressively expanding to reach more customers across the country and around the world," according to a company press release. "The company is different from other distributors, and it shows. Today’s deal is part of a flurry of acquisition activity BlackHawk has planned in order the expand into new categories and increase its product assortment to service customers better."
“Our number one priority is saving our customers money and being a catalyst for their success,” said John Mark, president and CEO of BlackHawk Industrial. “With L.A. Tool’s team of experts and ours, we can offer new and comprehensive services unlike anything we have done before. We are looking forward to sharing our value proposition with the Akron and Cleveland metro area and all our customers around the world. Having the talented people of L.A. Tool join BlackHawk and contribute to our ongoing success and growth is extremely exciting.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
