Walter Surface Technologies Acquires Blackstone Supply Agreement
This deal allows Walter to accelerate their expansion in the U.S. by servicing Fastenal distribution of abrasives and welding consumables.
Posted: June 8, 2018
Walter Surface Technologies (Montreal, QC) announced the acquisition of the Fastenal® Blackstone® supply agreement and all related inventory from Sundisc Abrasives USA LLC (St. Louis, MO). With this agreement, Walter becomes one of Fastenal’s trusted private label suppliers across the Americas. “This transaction allows us to accelerate our expansion in the United States by servicing one of the fastest growing industrial distributors in the country,” said Marc-André Aubé, the president and chief operating officer of Walter Surface Technologies. “We are excited to help contribute to the success of the Blackstone brand, and we believe this agreement will also contribute to the success of our own high performance line of products regarded as ‘Only the Best’ throughout the industry.”
Blackstone is one of Fastenal’s leading brands of abrasives and welding consumables known for their cutting-edge technology and quality. Under Walter’s advanced design and manufacturing processes, customers will be assured access to a wide range of Blackstone abrasives that will be continually optimized for performance. “Fastenal is pleased to enter into this supply agreement with the scale of a leading global abrasives manufacturer such as Walter Surface Technologies,” said Paul Quigley, the vice president of product development at Fastenal. “Our customers will benefit from Walter’s product innovations and dedicated technical support.”
The agreement is effective immediately and adds to the expansion of Walter’s private label operations in the Americas, as well as additional opportunities for their brand sales growth in metalworking markets in the United States.
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