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All Integrated Solutions FRANKSVILLE, WI All Integrated Solutions (AIS), a division of MSC Industrial Supply Co., announced Tuesday that it has moved into a new distribution center in the Minneapolis-Saint Paul, Minn. metro area. The new facility, located at 10680 Fountains Drive in Maple Grove, covers 52,000 square feet and is 170 percent larger than the company’s previous distribution center in nearby New Brighton. The new facility features a state-of-the-art warehouse system utilizing narrow aisles, wire-guided material handling equipment and 32-foot ceilings to improve storage efficiency. “In response to growing customer demand, we are pleased to move into a larger distribution center that can accommodate our warehouse and kitting capacity needs to better serve assembly and manufacturing customers in the Greater Minneapolis/St. Paul metro area and beyond,” said AIS President Nick Ruetz. ....
MSC Industrial to Close 73 Branches, Eliminate 115 Jobs With these cost-cutting moves, the industrial distributor aims to save $15 million to $18 million annually beginning in fiscal 2022. Author Industrial distributor MSC Industrial Supply Co. (NYSE: MSM), Melville, New York, and Davidson, North Carolina, this week said it will permanently close 73 branch offices, which have been temporarily closed due to COVID-19, and eliminate 115 jobs. MSC said the “sales associates who previously worked in these offices will continue to work remotely through virtual customer care hubs to maintain customer relationships and personalized service in local markets. Included as part of this plan is the reduction of roughly 115 management and other positions within the commercial sales organization that interact infrequently with customers.” ....
MSC Reports Fiscal 2021 First Quarter Results News provided by Share this article FISCAL Q1 2021 HIGHLIGHTS Net sales of $771.9 million, a 6.3% YoY decrease Operating income of $53.9 million, or $84.6 million excluding a $26.7 million impairment charge and $4 million in restructuring and other related costs 1 1 Adjusted diluted EPS of $1.10 vs. $1.21 in the prior year 1 Declared special cash dividend of $3.50 per share on November 17, 2020 MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), MSC or the Company , a premier distributor of Metalworking and Maintenance, Repair and Operations ( MRO ) products and services to industrial customers throughout North America, today reported financial results for its fiscal 2021 first quarter ended November 28, 2020. ....
SALT LAKE CITY It s been nearly seven months since George Floyd died in Minneapolis police custody, resulting in a murder charge being filed against the officer who knelt on Floyd s neck for some eight minutes. Floyd s death ignited protests across the globe about racial equality, social justice and discrimination, including multiple demonstrations in Utah. As many public bodies in Utah have pondered the best path forward, Shawn Newell says addressing issues of racial inequality, discrimination and social justice in the public square requires difficult and honest conversations. Newell, who is Black, was bused to school as part of California s school desegregation efforts in the late 1960s. He is a graduate of the University of Utah, where he played football. He was later under contract with the Chicago Bears but didn t play due to injuries. ....