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JIS ACQUIRES CUTTING TOOL AND INDUSTRIAL SUPPLY DIVISION OF THE GEORGE WHALLEY CO.

With combined experience of more than 100 years JIS becomes the largest and most technical distributor within 150 miles of Cleveland.

Cleveland, Ohio - December 10, 2010 - Jergens Industrial Supply (JIS), a division of Jergens, Inc., announced that it has acquired the assets of the Cutting Tool and Industrial Supply Division of The George Whalley Company. Together, JIS and The George Whalley Company offer 100 years of combined experience and, with this acquisition, JIS becomes the largest and most technically advanced industrial distributor within 150 miles of Cleveland.

The George Whalley Company, founded in 1937, established itself as a national leader in the cutting tool industry by providing the technical support necessary to differentiate itself from supply and catalog houses, and it is in this service expertise that perfect balance with JIS starts. Jergens Industrial Supply is the only industrial distributor that shares space with a manufacturing company, an advantage of perspective, since JIS applies their 50 years of specialized technical knowledge to shorten set-up times, reduce cycle times, reduce tooling costs, increase production, and optimize speed for customer companies. Both JIS and The George Whalley Company, as distributors of metalworking consumables and related products, offer technical service and product training programs, vendor and usage control programs, inventory management, cost saving analysis, and more.

Matt Schron, Jergens Industrial Supply General Manager, says, “By bringing together JIS and the Whalley Company, we will be able to better leverage the knowledge and experiences both companies have to better service our end users.” He adds that the acquisition also gives JIS the opportunity to partner with some of the world’s best suppliers, while at the same time improving the customer experience by increasing efficiency.

Whalley Company president George Whalley says, “Our combined product lines and experience are a perfect fit and will offer all of our customers the resources of two industry leaders.”


About The George Whalley Company
 
The George Whalley Company has been a leader in the cutting tool industry since 1937. It operates two separate divisions – the Cutting Tools and Industrial Supply Division is a regional distributor of cutting tools, machine tools and accessories, abrasives, precision tools, shop and safety products, fasteners, hand and power tools, as well as storage and material handling products.

The Coolant-Fed Tooling & Systems Division designs, develops, and provides coolant-fed tooling and accessories specifically designed for the speeds, feeds, and temperature extremes of today’s machining processes. The products are marketed through 16 factory-trained manufacturer’s representative organizations across the United States and Canada. The Company is privately held and was not a part of this asset purchase.


About Jergens Industrial Supply
Jergens Industrial Supply is Ohio’s largest, most technical distributor of metalworking products, with quick delivery and a 1,000-square-foot showroom representing over 300 of the top manufacturers in the United States. It is a division of Jergens, Inc., one of the world’s largest manufacturers of standard tooling components, vises, and other workholding equipment.