Systemax completes acquisition of North American MRO Supplier
Systemax Inc. announced that its Industrial Products Group has completed its previously announced acquisition of the Plant Equipment Group (“PEG”), a business-to-business direct marketer of maintenance, repair and operations (“MRO”) products, from TAKKT America for $25.9 million in cash, subject to certain post-closing working capital adjustments.
“The addition of PEG significantly enhances the footprint of our Industrial Products business and allows us to strengthen the service we provide customers,” said Bob Dooley, President of Global Industrial. “I would like to welcome our new PEG employees to the Systemax family and look forward to our continued growth and success.”
PEG serves business customers within the North American MRO market through its portfolio of well-established selling brands, including its flagship U.S. brand C&H Distributors, based in the U.S. as well as Products For Industry, based in the U.S.; IndustrialSupplies.com; Avenue Supply, based in Canada and C&H Productos, based in Mexico.
