S.B. Simpson acquires Peel Industrial
Burlington, ON -- S.B. Simpson has acquired Peel Industrial in a deal that will see two family-owned independent in...
Burlington, ON — S.B. Simpson has acquired Peel Industrial in a deal that will see two family-owned independent industrial distributors join forces. Peel Industrial Supplies (1977) Ltd. is based in Brampton, Ont., (Peel also operates a contract branch in Montreal.) and S.B. Simpson Group Inc. has its head office in Burlington, Ont.
The acquisition of Peel Industrial adds considerable sales volume, purchasing power, warehouse capacity, and service capabilities to the Simpson Group. The similarities between the two companies are considerable. Both companies are general industrial supply distributors that offer full supply chain management services to their customers.
The two organizations have competed with one another for years in the Greater Toronto Area. Their respective product lines, supplier bases and service offerings mirror one another. And both Peel and S.B. Simpson Group are very active members of IDI Industrial Distrubutors Inc., an industrial distributor network based in Mississauga, Ont.
Wally Mullin, current president and owner of Peel Industrial, will stay with the organization as general manager to guide the integration over the next year.
S.B. Simpson Group Inc. is a privately held Canadian corporation, owned by the Simpson family and headed by Craig Simpson, president. Simpson believes that Peel brings much to the table. "We have always had a lot of respect for Peel, its management and its people. They are a quality organization and adding their success to our group creates new strength and exciting opportunities for us. There is no doubt, this is a landmark event in the history of our company."
The addition of Peel Industrial’s two locations creates 11 operations in S.B. Simpson’s branch network, which also includes pneumatic specialist Systematic Fluid Power in Kitchener, Ont. Other S.B. Simpson locations include Ajax, Burlington, Mississauga, Oakville, Owen Sound, Oshawa, Peterborough and Stratford, all in Ontario. The year 2005 is S.B. Simpson Group’s 45th year in business.
For more information, call 905-335-1594, e-mail Scott Simpson at firstname.lastname@example.org, or visit www.sbsimpson.com.