More recently, a new wholesale division was added called Berkshire eSupply, which aims to help empower independent distributors with various ready-made tools connecting all aspects of the supply chain delivering the perfect blend of technology, talent, data and products. Dan Kahn in the city of Warren, was created to provide a more efficient way to deliver industrial products to the local market. Production Tool Supply Company, founded in 1951 by D. “We’re pleased to work with our local partners and support this investment, and we look forward to working with the company as it continues to grow and add jobs in Michigan.” “Production Tool Supply’s decision to expand in Novi means good jobs for Michigan residents and underscores the strength of our business environment and talented workforce,” said Jeff Mason, CEO of MEDC, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the Michigan Strategic Fund. The project is projected to generate a total capital investment of nearly $70 million and create 85 jobs. – Production Tool Supply Company, a leading supplier and distributor of industrial tools, is establishing a new headquarters and fulfillment center in the city of Novi, the Michigan Economic Development Corporation announced today. Like this story? Why not sign up to get the latest South West business news straight to your inbox.Project to generate $70 million, create 85 jobs Production Tool Supply rendering

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Troy was the main shirt sponsor of English Premiership rugby team Exeter Chiefs during the 2022/23 season. The investment deal was led by investors in BGF’s Bristol-based South West team. Mr King said: “I’m excited to be joining the board of Troy, working alongside the wider team and BGF to capitalise on significant market opportunities and to position the business for further growth.”

With its latest deal, Troy has appointed Simon King, a former chief executive of DIY retailer Wickes, as its new non-executive chair, following an introduction from BGF’s talent network. We are confident that with BGF as key allies we will maintain our growth trajectory and realise the company’s ambition.” Mr Kilbride said: “To deliver our strategy of structured growth, we required a minority investment partner that recognised the capabilities of Troy. Bosses said “a significant pipeline” of further investment opportunities” had been identified. The company has invested in 16 of its member businesses to date, and last year acquired online procurement platform Applegate, as one of four purchases the expanding firm made during the period. READ MORE: Equipment manufacturer Bowa Medical secures approval for new Devon headquarters Originally founded in 1986, Troy was acquired by Paul Kilbride in 2010, and now has a turnover of more than £300m. The Exeter-based group has now received a multi-million pound boost from investment firm BGF, as it looks to build on its rapid growth. It estimates its group-buying powers to be around £1.1bn. The Devon firm describes itself as the UK’s largest independent buying group in the industrial and engineering sectors, with a membership of more than 400 merchants and a similarly sized network of suppliers, including brands Makita, Bosch, Stanley and DeWalt. Tools and equipment supplier Troy has secured £15.5m to accelerate its acquisitive growth strategy.

Production tool supply sold