Industrial and metalworking supplies distributor BlackHawk Industrial inked its first acquisition of 2024 in the form of Richardson, TX-based Factory Outlet Tooling.
Terms of the deal were not disclosed.
FOT is a like manufacturing tool distributor that serves a range of industry sectors that include metalworking, aerospace, oil & gas, automotive and job shop manufacturing — providing product inventory and cost reduction solutions.
FOT’s product selection includes band saws, boring bars, burrs, carbide inserts, drills, end mills, face mills, hand tools, inspection tooling, measuring tools, reamers, safety, shop supplies, taps, threading dies, tool holders, workholding tools and more.
The company was founded in 2004. It moved its headquarters to Richardson in 2014, and to its current location there in 2020, combining office and warehouse space into one facility.
“For almost 20 years, FOT has been a staple in the North Texas area,” FOT President Chris Springer said in a May 8 news release. “Joining forces with BlackHawk Industrial is a natural fit for us. The buying power coupled with vast product lines as well as FOT’s expertise will allow our customers a winning combination to stay competitive in our market. I am excited for our companies as well as our customers and look forward to continued growth for many years to come.”
It marks Tulsa, OK-based Blackhawk’s 11th deal since the start of 2022.
“Our number one priority is being the leading resource in the industrial space for saving customers money and being a catalyst for their success,” added John Mark, BlackHawk President and CEO. “With FOT’s team of experts and ours, we can offer new and broader services in another strategic market. We are looking forward to sharing our value proposition with the North Texas market and all our customers around the world.”
Other recent BlackHawk news:
- BlackHawk Expands Vending Unit with 2 Appointments (April 19)
- BlackHawk Appoints Mid-States Region Leadership (April 11)
- BlackHawk Gives Inaugural Supplier Awards, Reiterates Growth Plans (Feb. 1)
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