Acquisition Grows Machine Tools Supply: Cutting Edge Tool & Supply will Expand Presence in San Fernando Valley
Machine Tools Supply (MTS) (www.mtsupply.com) of Costa Mesa, California, is pleased to announce the pending acquisition of Cutting Edge Tool & Supply (CET), of Chatsworth, California, as a wholly owned subsidiary of MT Supply Inc.

COSTA MESA, CA, January 18, 2010 /24-7PressRelease/ -- Machine Tools Supply (MTS) (www.mtsupply.com) is pleased to announce the pending acquisition of Cutting Edge Tool & Supply (CET), of Chatsworth, California, as a wholly owned subsidiary of MT Supply Inc.

Growth by MTS in the San Fernando Valley over the past year has led them to seek the best possible platform for providing the highest levels of services to this market area. "We have successfully implemented several AutoCrib based inventory management systems in the valley," states George Ponce, President of MTS. "And with that success we knew that an acquisition of this nature would further establish us in this territory and position us for continued growth."

Since their inception only six years ago, CET has become established as a premier customer service based organization in the San Fernando Valley. Mr. Ponce also stated, "Cutting Edge Tool & Supply, as a leading industrial distributor in this market, now being enhanced with the value added services and products offered by MTS, will be a stronger business partner to their customer's going forward."

Currently, MTS is undergoing the due diligence process and plans to complete this acquisition in early February.

Press Release Contact Information:

George Ponce
Machine Tools Supply
President / CEO
3505 Cadilac Ave #K2
Costa Mesa, CA
United States 92626
Voice: 714-641-9007
Website: Visit Our Website