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MSC Industrial acquires KAR Industrial, terms not disclosed
The Fly

MSC Industrial acquires KAR Industrial, terms not disclosed

MSC Industrial announced that it has acquired KAR Industrial, a metalworking distributor supplying measuring and cutting tools, machine tool accessories and other manufacturing related supplies across Canada’s industrial landscape. KAR will continue to operate under its current names, including its Duramill and Omnitool divisions, as an MSC company. Ward Meek, President of KAR, will continue to manage the daily operations. KAR was founded in 1954 in Montreal, Canada and has a deep history in the Canadian market. KAR operates three facilities in Mississauga, Montreal, and Edmonton for total country coverage. It has estimated revenues of $16M in 2023 and has a total of 45 associates across Canada.

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