Global Industrial acquires MRO supplier to expand presence in Canada, US and Mexico

Systemax Inc. recently announced that its Industrial Products Group, Global Industrial, has signed a definitive agreement to acquire the Plant Equipment Group , a business-to-business direct marketer of maintenance, repair and operations products, from TAKKT America for $25 million in cash, subject to certain customary closing conditions. The acquisition, which will be funded from Systemax's cash on hand, is expected to close in January 2015.

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