JERGENS INDUSTRIAL SUPPLY PURCHASES CERTAIN ASSETS OF GRAY INDUSTRIAL SUPPLY
Cleveland, OH – June 18, 2013 – Jergens Industrial Supply (JIS), Division of Jergens, Inc., is pleased to announce that it has purchased certain assets of Gray Industrial Supply, excluding the high pressure hydraulic equipment distribution and service center but including web based Spectrum Supply. Together, JIS, Gray Industrial Supply and Spectrum Supply offer over 100 years of combined experience. With this purchase, JIS continues to build its business as the largest and most technically advanced industrial distributor within 200 miles of Cleveland. Now, JIS is able to offer customers the value added service of band saw blade welding that many of the larger catalog houses do not provide.
Gray Industrial Supply was incorporated in 1946 as the post-war economy grew. Gray manufactures and supplies the global market with a full range of band saw blades for the industrial, food processing and hobby markets. Spectrum Supply is the web based marketing arm of Gray Industrial Supply. Their time-proven philosophy has been to provide customers with unmatched product quality and service. In over 65 years of business, Gray Industrial Supply and Spectrum Supply have become a dominant force in the Cleveland marketplace.
JIS differentiates itself from other distributors and catalog houses by being the only industrial distributor that shares space with a manufacturing company. By applying over 50 years of expertise gained from being co-located with manufacturing experts, JIS helps customers shorten set-up times, reduce cycle times, reduce tooling costs, increase production, and optimize speed in their manufacturing processes. Now, JIS is proud to be able to offer band saw blade welding and grinding in addition to technical service, product training programs, and more. JIS and Gray Industrial Supply bring together the common expertise of distribution of Lenox band saw blades and a wide range of top quality products combined with support and service from leading suppliers. This synergy perfectly connects JIS and Gray Industrial Supply together.
Matt Schron, JIS General Manager, says, “By combining JIS and Gray Industrial Supply, we will be able to pull from the experience, knowledge and relationships both companies have within the saw blade marketplace to better serve manufacturing end users not only in northeast Ohio, but nationwide.” According to Schron, “The purchase also gives JIS the opportunity to improve customer efficiency and experience by providing blade turnaround in 48 hours.”
Ken Brown, Jr., of Gray Industrial Supply says, “As part of JIS we now have access to the leading manufacturers in the country of cutting tools, MRO supplies, vending solutions, work holding and coolants, allowing us to better and more completely serve our customers. Randy Minnick adds, “Our combined saw blade experience and product lines are a perfect fit and will offer all of our customers the resources of two industry leaders.”
Spectrum Supply will continue to serve as the web based marketing arm for Gray Industrial Supply for the foreseeable future.
About Gray Industrial Supply
Gray Industrial Supply has been serving the industry for over 60 years as a distributor and welding center for band saw blades. Gray serves a wide range of customers with a broad range of band saw products for the metal cutting, wood cutting and food industries. Gray has been proud to represent Lenox, whose product line is the highest level of quality available.