ABOUT US:
DGI Supply, a DoALL Company, recently completed the acquisition of Groves
Industrial Supply Corporation of Houston, Texas. Groves is a $35 million,
full-line industrial distribution organization which focuses on providing
MRO products to the Houston market. When reached for comment, DGI Supply's
Senior Vice President Dave Crawford said "We hope to use this acquisition
to expand our reach in the Houston market and strengthen our MRO supply
capabilities throughout our global distribution network."
Groves will continue to operate under its current name and management. Jeff
Waller will remain the General Manager for Groves. Kip Gordon, DGI Supply's
Chief Operating Officer said "Groves is a talented organization, and we're
very pleased to have them join the DGI Supply family. Their inventory depth
and knowledge of safety and other MRO products are a perfect complement to
our strengths in cutting tools and abrasives."
DGI Supply's announcement comes in the wake of a massive build-up in
manufacturing and construction activity in Houston. Hurricane Katrina
rebuilding efforts and rising oil prices are principally responsible for
the increased activity. "The timing couldn't be better" said Waller, "We
are poised to have another record year at Groves and this acquisition will
give us access to the capital needed to fund our growth."
Groves Industrial Supply is located at 7301 Pinemont Drive. The general phone number is 713-675-4747.
DGI Supply is a global industrial supply organization serving the metal
working and metal finishing industries since 1927. The general toll-free
number is 800-923-6255.