10 October 2016
DXP Enterprises Inc has sold Vertex Corporate Holdings Inc, a master distributor of industrial fasteners, to Houston Wire & Cable Co (HWC).
DXPE received approximately US$31.0 million in net cash proceeds, subject to customary transaction adjustments.
David Little, chairman and CEO of DXPE, said that the transaction strengthens DXP’s balance sheet for growth and positions the company to focus on its core products and offerings. (…)
via DXP Enterprises divests non-core fastener distribution business – World Pumps.