The Bostwick-Braun Co. in Ohio has acquired Mill Supplies Inc., a contractor and industrial supply company operating out of Fort Wayne and Indianapolis. Mill Supplies will operate as part of Bostwick-Braun’s industrial business division, supplying power tools and fastening systems, among others, to the construction and metalworking industries.
Bostwick-Braun CEO Mark Christie says the acquisition will allow the company to grow its footprint and deliver tailored technical services.
“We are executing our strategy to be the premier full-line industrial distributor in the Midwest,” said Christie. “We seek to partner with excellent companies such as Mill Supplies. MSI has built a successful business over the past 63 years that values building meaningful relationships with their suppliers and customers and providing exceptional service and value to be an indispensable partner. We look forward to bringing together the resources and expertise of both companies.”
Andy and Karen Beckstein, who owned and operated MSI for nearly 30 years, will continue serving in management roles. Andy will become MSI’s general manager, leading the Fort Wayne and Indianapolis locations, and Karen will focus on supply chain and supplier development.
“We feel it is the best possible succession plan for our employees and business,” said Andy Beckstein. “Our employees are our success story; offering them employee ownership with Bostwick- Braun is exciting and fulfilling. The partnership with Bostwick-Braun makes us both stronger, better, and poised for future success.”
Bostwick-Braun is a 100% employee-owned company. Financial terms of the deal were not immediately disclosed.