MSC Industrial Inks Exclusive e-Commerce Partnership With MachiningCloud - MSC Industrial Direct Co (NYSE:MSM)

MSC Industrial Direct Co Inc MSM has inked an agreement to be the exclusive e-commerce distributor of metalworking and MRO products to customers of MachiningCloud.
The MachiningCloud platform enables customers to search catalogs and select the right tool components much faster and more easily than traditional methods, such as websites, paper catalogs and telephone calls.
Under the agreement, end users can purchase tool components directly from MSC through MachiningCloud's digital platform.
MachiningCloud customers can rely on MSC's supply chain strengths directly through MachiningCloud.
"Helping customers quickly find the right combination of tool components to create complete assemblies for their applications saves time and money, consistent with our approach to improving the productivity of manufacturers' operations," said Jamie Goettler, Sr. Director of Metalworking Sales & Innovation.
Price Action: MSM shares are trading higher by 0.96% at $86.89 on the last check Wednesday.