White Cap Supply Holdings, LLC has announced that it has closed on an agreement to acquire Diamond Tool & Fastener, Inc., based in Philadelphia, Pa., with another location in Edgewater Park, N.J. and a distribution center in Bristol, Pa.
Diamond Tool will join White Cap in the Northeast Region in serving its local customers with exceptional customer service.
John Stegeman, Chief Executive Officer of White Cap, said: "Diamond Tool is in the heart of Philadelphia and the team does an incredible job serving customers in this centralized, high-volume area. With the additional location in Edgewater Park and a distribution center in Bristol, we look forward to the expanded service locations and product offerings we can now offer our mutual customers in the Philadelphia area as a combined business."
Additionally, last year saw the company expand further with the announcement of its acquisition of Ram Tool Construction Supply Co., LLC (“Ram Tool”).