Acquisition Grows Machine Tools Supply: Cutting Edge Tool & Supply will Expand Presence in San Fernando Valley

    COSTA MESA, CA, January 18, 2010 /24-7PressRelease/ -- Machine Tools Supply (MTS) (www.mtsupply.com) is pleased to announce the pending acquisition of Cutting Edge Tool & Supply (CET), of Chatsworth, California, as a wholly owned subsidiary of MT Supply Inc.

Growth by MTS in the San Fernando Valley over the past year has led them to seek the best possible platform for providing the highest levels of services to this market area. "We have successfully implemented several AutoCrib based inventory management systems in the valley," states George Ponce, President of MTS. "And with that success we knew that an acquisition of this nature would further establish us in this territory and position us for continued growth."

Since their inception only six years ago, CET has become established as a premier customer service based organization in the San Fernando Valley. Mr. Ponce also stated, "Cutting Edge Tool & Supply, as a leading industrial distributor in this market, now being enhanced with the value added services and products offered by MTS, will be a stronger business partner to their customer's going forward."

Currently, MTS is undergoing the due diligence process and plans to complete this acquisition in early February.

About Machine Tools Supply

Machine Tools Supply (MTS) began as a distributor of perishable cutting tools, abrasives and measuring equipment and has grown into a premier supply chain manager specializing in procurement and inventory control through point of use dispensing systems.

Founded in 1987 and located in Costa Mesa, California, Machine Tools Supply maintains warehouses, corporate offices and a team of dedicated professionals to serve our growing customer base throughout the United States. We currently market to numerous industrial manufacturers, both large and small, including those in the aerospace, automotive, medical, recreational, shipbuilding and fluid control industries.

Machine Tools Supply is dedicated to deliver first-class business solutions to our customers through superior products and top-notch customer service. We strive for "total customer satisfaction" by partnering with our customers as problem solver, innovator and cost saver. Our ultimate goal is to improve processes while performing at the lowest total cost level.
Machine Tools Supply also provides supply chain management services utilizing AutoCrib Industrial Vending solutions to larger business entities with multiple locations throughout the United States. The combined knowledge and experience of Machine Tools Supply and AutoCrib, has enabled MTS to formulate unique and proprietary inventory management solutions to drastically reduce total overall procurement and inventory costs.

AutoCrib (www.autocrib.com) vending and software products were originally conceived as a part of Machine Tools Supply. A separate corporation was created in 1995, and today AutoCrib Industrial Vending Solutions is the world leader in point of use hardware and sophisticated inventory management software specifically created for the industrial user.

About Cutting Edge Tool & Supply

Cutting Edge Tool is a full-service industrial distributor specializing in indexable and solid round cutting tools, workholding and measurement equipment and cutting fluids. We offer products from such world-class manufacturers as Ingersoll, Guhring, Sumitomo, Duramill, to help maximize your productivity and become more competitive in the marketplace.

We are constantly searching the world to bring our customers the highest quality tool products. With over 100,000 products in stock at our Chatsworth, CA warehouse, we almost always have the right tool for your needs, ready to ship the same day.

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