MSC Acquires KAR Industrial in Canada (2024)

FAQs

Who bought Kar products? ›

On February 6, 2003, Bristol, Connecticut-based Barnes Group Inc. acquired the U.S. and Canadian businesses of Des Plaines, Illinois-based Kar Products and A&H Bolt and Nut Company Ltd.

Erik Gershwind - President & Chief Executive Officer - MSC Industrial Supply Co.

MSC Industrial Direct Co (NYSE:MSM) just reported results for the third quarter of 2024. MSC Industrial Direct Co reported earnings per share of $1.33. This was below the analyst estimate for EPS of $1.34. The company reported revenue of $979.35 million.

MSC Industrial Direct Co is headquartered in Melville, NY and has 87 office locations located throughout the US.

Michael Kestner, who has served as lead independent director since 2019, has been named chairman of KAR's board effective April 1, 2023, and Peter Kelly continues to serve as KAR's chief executive officer.

PHOENIX --(BUSINESS WIRE)-- Carvana (NYSE: CVNA), the leading e-commerce brand for buying and selling used cars, announces the $2.2B acquisition of ADESA's U.S. physical auction business (“ADESA U.S.”) from KAR Global (NYSE: KAR), consisting of 56 ADESA U.S. locations totaling approximately 6.5 million square feet of ...

22, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, today announced that it has acquired KAR Industrial Inc.

The company is independent and wholly owned by the Aponte family under the leadership of Diego Aponte.

As a $4.0 billion company with more than 7,000 associates and 3,000-plus suppliers, we work with customers big and small.

MSC has a market cap or net worth of $1.20 billion as of August 9, 2024. Its market cap has decreased by -18.63% in one year.

What is the legal name of MSC industrial supply? ›

MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily, MSC Industrial Supply Co., it is one of the largest industrial equipment distributors in the United States, distributing more than 1.5 million metalworking and other industrial products.

Gianluigi Aponte's MSC Group has — perhaps inadvertently — revealed its financial performance for the first time. The holding company of the world's largest liner company reportedly made €36.2bn ($38.4bn) in profits last year.

As of September 2, 2023, MSC Industrial Direct Co. had 7,377 total employees, including 7,131 full-time and 246 part-time employees. The number of employees increased by 383 or 5.48% compared to the previous year.

MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers.

Msc industrial direct is a public company headquartered in New York with an estimated 6,880 employees.

Under the headship of “Mr. Sunilreddy Swarna” (Proprietor), we have gained a huge clientele across the nation. Why Us? With our expertise and trustworthiness, we have secured a respectable position for ourselves in this domain.

Kar's Nuts and its sister brands Second Nature Snacks and Sanders Chocolates were gathered under the corporate name Second Nature Brands in 2021, after previously having been under the Kar's Nuts banner. in April 2022, Second Nature Brands were acquired by the UK-based private equity company, CapVest Limited.

(NYSE: KAR) is the holding company for ADESA, Inc., a provider of wholesale used vehicle auctions whose operations span North America with 70 used vehicle sites, Insurance Auto Auctions, Inc., a leading salvage auto auction company whose operations span North America with 159 sites and Automotive Finance Corporation, a ...

In 2021, Kar's and Sanders were united under the corporate name Second Nature Brands, acquired in 2022 by UK-based private equity company CapVest Limited.