MSC Industrial Direct Co., Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by MSC Industrial Direct Co., Inc. on December 13, 2010. The report discloses a material corporate event occurring on the same date.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data. The only specific financial figure disclosed relates to a transaction:
- Acquisition Cost: Approximately $11 million in cash.
- Liabilities: Assumption of certain liabilities associated with the acquisition.
Material Changes
The primary material change reported is the completion of the acquisition of the assets of Rutland Tool & Supply Co., a subsidiary of Lawson Products, Inc. This transaction expands the company's asset base and operations.
Outlook, Risks, and Management Commentary
Management commentary is limited to the announcement of the completed acquisition. The filing references a press release (Exhibit 99.1) for further details but does not contain specific forward-looking guidance, risk factors, or contingencies within the text of this report.
Key Facts for Investor Verification
- Verify the exact amount of liabilities assumed in the Rutland Tool & Supply Co. acquisition.
- Review the attached press release (Exhibit 99.1) for strategic rationale and expected synergies.
- Confirm the impact of the $11 million cash outflow on the company's current liquidity position.
- Check subsequent filings for integration progress and financial performance of the acquired assets.