A big distribution company is getting – and spending – big money to expand its logistics network in Texas and the southwest.
McMaster-Carr Supply Co. is spending a reported $360 million to build a new regional headquarters and distribution headquarters, near Fort Worth, Texas. McMaster-Carr supplies of hardware, tools, raw materials, industrial materials, and maintenance equipment.
The privately held company is based in Elmhurst, Ill. It generates annual revenue of at least $1.48 billion, according to RocketReach.com. Still, it isn’t saying much about its big regional expansion.
McMaster-Carr expansion
But last night, the Fort Worth city council approved a public works incentive package that details that McMaster-Carr plans to invest about $360 million in the new facility. The McMaster-Carr expansion would create 250 jobs with an average annual salary of $85,000, Fort Worth government officials say.
In return for this investment, the Fort Worth city council approved a public works project valued around $18 million.
McMaster-Carr Supply distributes mechanical, electrical, and utility products, including air conditioners, clamps and drills, exhaust fans, generators, light bulbs, pipes, pumps, saws, switches, and valves.
The distributor carries an online inventory of 700,000 products and offers 98% of products ordered ship from stock and delivery same or next day, the company says.
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