MSC Industrial Direct (MSM) agrees to acquire all assets and assume certain liabilities of the...


MSC Industrial Direct (MSM) agrees to acquire all assets and assume certain liabilities of the North American distribution business of the Barnes Group (B) for $550M. MSM expects the deal to be accretive to cash flow and EPS in FY2014 and 2015. Also, Barnes names COO Patrick Dempsey as its new President and CEO.

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