Source Atlantic Acquires Moore Industrial
Saint John – Source Atlantic announced Wednesday that it has acquired Winnipeg-based industrial and machine tool distributor Moore Industrial Limited.
In operation since 1976, Moore Industrial has more than 40 employees across five branches throughout Winnipeg, Regina, Saskatoon, Calgary and Edmonton. The company supplies metal cutting and fabricating machinery, tools, supplies, as well as construction and industrial supplies to a wide variety of markets.
“Source Atlantic and Moore Industrial have similar business cultures – a desire for innovation and to provide great customer service,” said Steve Drummond, president of Source Atlantic, in a release. This acquisition provides a nearly national footprint for Source Atlantic – having recently expanded operations with a new facility in Mount Pearl Newfoundland in 2014. With the acquisition of Moore Industrial, Source Atlantic will have 21 branches throughout Atlantic Canada, Alberta, Saskatchewan and Manitoba.