Pipes, valves and fittings company Mattsco Supply Co., Tulsa, Oklahoma, has acquired Tool Center Inc., also based in Tulsa, according to a report this week in the Tulsa World newspaper. Financial terms of the deal weren’t disclosed.
The newly acquired company will now be Mattsco Tool Center, led by former Tool Center CEO Bill Bowles.
According to the report: “In the coming weeks, Mattsco Supply will absorb all Tool Center assets and evaluate all tooling distribution agreements. The company will formally launch into the tooling segment by Aug. 10.
“Mattsco Supply has also signed a preferred distributor agreement with Elliott Tool Technologies to provide tube installation and removal equipment, tube testers, tube plugs and other accessories for the heat exchanger and energy markets.
“Additionally, Mattsco Supply has also established a distributor relationship with Top Cat Air Tools to provide industrial grinders, scalers and accessories for the manufacturing industry.”
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