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

|About: MSC Industrial Direct Co. Inc. (MSM)|By:, SA News Editor

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.