COLUMBUS, Ohio (Dec. 19, 2016)—Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announced the acquisitions of C&C Industrial Sales LLC and Midway Industrial Supply, according to a statement from the company. C&C Industrial Sales LLC, known in the marketplace as CCIS, is headquartered in Gallatin, Tenn., with a second location in Raleigh, N.C. CCIS specializes in spray finishing systems, installation, service and repair across the South and Southeastern U.S. Midway Industrial Supply Inc., headquartered in Minneapolis, Minn., also specializes in spray finishing systems as well as sealant and adhesive application systems to industrial customers throughout the upper and central Midwest region, along with Midway Industrial’s recent acquisition of Contrast Equipment Company based in Kansas City, Mo. The companies will operate as divisions of OTP Industrial Solutions, which provides technical sales and service for industrial spray finishing, sealant and adhesive, automation, pumps, motion control, fluid power, and power transmission systems, according to the statement. “Both CCIS and Midway Industrial are leaders in their respective markets with outstanding associates and management teams,” said Phil Derrow, president and CEO of Ohio Transmission Corporation. “Together with OTP’s already strong presence in the finishing, sealant, and adhesive application markets in several states, the addition of CCIS and Midway will make OTP a national leader with the ability to provide customers with unmatched system integration capabilities. OTP’s expertise in robotic and factory automation technologies also adds exciting new capabilities to better serve Midway’s and CCIS’s customers.” With this acquisition, Ohio Transmission Corporation has 27 locations throughout the South, Midwest and Northeast regions, along with eight service shops. The addition of the combined 75 associates from Midway and CCIS brings Ohio Transmission Corporation’s existing workforce to more than 750 employees. “The addition of CCIS and Midway reinforces OTP’s commitment to provide each of our customers with expert solutions in every one of our markets and product categories.” said Rob Webb, president of OTP Industrial Solutions. “Our customers value the expertise of our associates and the professionalism we bring to every relationship. The associates of Midway and CCIS are a perfect fit to help OTC deliver what matters most to our customers.” As divisions of OTP Industrial Solutions, CCIS and Midway will have access to OTC’s vast product and service offerings and support resources. The acquisition provides significant growth opportunities for the associates of all of the companies and will provide customers with a more comprehensive set of technical solutions. “Bringing our companies together, without a doubt, brings more opportunities for CCIS employees, its suppliers and, most importantly, the customers we serve,” CCIS CEO Wade Hickam said. “As customers continue to reduce in-house technical capabilities, we will be even better positioned to provide the finishing and related products they utilize in their operations as well as the required technical support that goes along with it. Our combined capabilities will be unmatched in the industry.” “Having led Midway’s acquisition of Contrast Equipment two years ago, I know the opportunities and benefits that a larger company can bring to associates, customers, and suppliers,” Midway CEO Greg Dvorsak said. “Joining forces with OTC is a great opportunity to create the best finishing, sealant and adhesive application company in the country. The people and culture of OTC are a perfect fit for us.”
Mon, 12/19/2016 - 15:32