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Central Welding Supply Purchases D & B Welding Supply of Renton, WA
Download Renton Opening Announcement
September 13, 2007, Smokey Point, WA - Central Welding Supply is pleased to announce the acquisition of D & B Welding Supply in Renton, WA. Operation at this newest location are scheduled for opening on October 1, 2007.
The purchase of D & B will expand Central Welding Supply's reach to a total of 11 locations and 4 divisions in the Puget Sound region. Founded in 1965 by Dennis Spiry, and owned and operated most recently by his son Tim Spiry, D & B has a long history of solid and dependable local customer service and will be a great fit with Central Welding Supply's Puget Sound Area operations.
Besides the business and assets acquisition, the purchase also includes D & B's building and property located at 1200 Union Ave NE, Renton, WA, which beginning October 1st will operate as the Central Welding Supply Renton Branch. This acquisition is expected add between $1.2M and $1.5M annually in additional revenues, including sales of welding equipment, safety and industrial supplies, equipment rental, industrial and specialty gas sales, and cylinder rental.
This is a unique opportunity for Central Welding Supply to enhance service in the growing Renton, WA area, and increase its existing east-side and south-sound customer base. Though there is still much to accomplish through this transition, we feel confident that we will meet these challenges, provide great Central Welding Supply customer service, and set the groundwork for a long and mutually beneficial relationship with our new customers.
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Central Welding Supply Company
Central Welding Supply has been in business since 1975 and is locally owned and operated by the Wilton family. With revenues approaching $35M annually, Central provides welding equipment and accessories to customers via its multiple Puget Sound Area locations, serving King, Snohomish, Pierce, Skagit and Whatcom counties, as well as the Olympic Peninsula, and the south Sound and other regions including British Columbia Canada, southeast Alaska, and the Alaskan Aleution islands via an expansive network of dealers and distributors. In 2003 the company launched three new wholly-owned divisions of Central Welding Supply - The Xpress Cryogenics division, based in Seattle, Washington serving cryogenic bulk and specialty gas customers, Welders-Direct, an internet sales division devoted to providing welding equipment to home-hobbyists and small businesses throughout the United States, and its Equipment Rental Division, based in Issaquah Washington, serving the rental needs of contractors and industry in the region.
For more information about the Company, becoming a dealer/distributor in your region, or for available positions within the organization please contact:
Dale Wilton, President/CEO
Central Welding Supply Co Inc
PO Box 116
N. Lakewood, WA 98259-0116
Office 360 651-2307
Mobile 425 508-6404
Email dalewilton@centralwelding.com
Additional Information is available at:
www.centralwelding.com
www.xpresscryogenics.com
www.welders-direct.com
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