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MSC Industrial Direct Co history
MSC Industrial Direct Co company history timeline
When Sid Jacobson began selling cutting tools from the trunk of his car in 1941, he operated with integrity, respect and a commitment to each customer.
When he too was drafted, the reins were handed over to a sister, who ran the company until Jacobson was released from the service after the war was over in 1945.
1964: First "Big Book" is mailed.
At this point, in 1976, Jacobson's son Mitchell Jacobson, a recent graduate of New York University School of Law, joined the company on a fulltime basis, having previously worked summers and holidays while attending Brandeis University and law school.
In 1970 Sid Tool acquired another cutting tool marketer, Manhattan Supply Company, to serve as a vehicle to increase the distribution of its imported cutting tool business. It was also in 1978 that MSC became one of the first distributors in the country to launch a fully integrated Quality Assurance Department.
In 1982 Mitchell Jacobson replaced his father as president of the company.
1995: Company is taken public.
In June 1996 the company acquired D.T.C. Tool Corp. and Cut-Rite Tool Corp.
1997: Plainview distribution center is relocated to Harrisburg, Pennsylvania.
But it was during the summer of 1998 that the company stumbled.
Although a major acquisition may have fallen through, MSC completed a pair of deals in 1999, paying $428,000 for Direct Line, Inc. and $6.2 million for Corbin Corporation.
It was also during 2004 that Mitchell Jacobson gave up the presidency to COO David Sandler, relinquishing day-to-day responsibilities to concentrate on strategic planning while retaining the chairmanship and the CEO title.
The balance sheet improved even further in 2004, with sales reaching $955.3 million and net income soaring to $82.2 million.
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MSC Industrial Direct Co competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Moody International Group | 1911 | $4.2B | 12,000 | - |
| Essendant | 1922 | $5.0B | - | 33 |
| Acme United | 1867 | $194.5M | 552 | - |
| Whirlpool | 1911 | $16.6B | 78,000 | 206 |
| IDEX | 1987 | $3.3B | 7,075 | 402 |
| The Home Depot | 1978 | $159.5B | 500,001 | 25,139 |
| Owens & Minor | 1882 | $10.7B | 17,900 | 714 |
| Cardinal Health | 1971 | $226.8B | 48,000 | 6,671 |
| Cintas | 1968 | $9.6B | 40,000 | 2,312 |
| Medline | 1910 | $11.7B | 28,000 | 715 |
MSC Industrial Direct Co history FAQs
Zippia gives an in-depth look into the details of MSC Industrial Direct Co, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MSC Industrial Direct Co. The employee data is based on information from people who have self-reported their past or current employments at MSC Industrial Direct Co. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MSC Industrial Direct Co. The data presented on this page does not represent the view of MSC Industrial Direct Co and its employees or that of Zippia.
MSC Industrial Direct Co may also be known as or be related to MSC Industrial Direct, MSC Industrial Direct Co, MSC Industrial Direct Co Inc, MSC Industrial Direct Co. Inc., MSC Industrial Direct Co., Inc. and Msc Industrial Supply Co.