MSC Industrial Supply acquires Tower Fasteners

MSC Industrial Supply Co., a distributor of metalworking and MRO supplies, has acquired Tower Fasteners, a Holtsville, N.Y.-based valued-added distributor of OEM fasteners and components.

Under the equity purchase agreement, Tower will continue to operate under its current name after becoming an MSC company. Mark Shannon, president of Tower, will continue to lead the business, which has approximately 100 employees.

The acquisition, made through MSC’s All Integrated Solutions (AIS) subsidiary, expands the company’s presence in the OEM fastener market, which it entered in 2018 with the acquisition of AIS, a value-added distributor of industrial fasteners and components, MRO supplies, and assembly tools based in Wisconsin.

Tower operates eight distribution centers, with locations along the East Coast and in the southwestern U.S., Mexico, and Europe. The company serves manufacturers in the industrial; electronics; medical equipment; aerospace; military; and security, fire, and safety sectors.