Junior’s Tools Agrees to Be Bought by Orco
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Junior’s Tools, a Santa Ana-based operator of a dozen stores that specialize in power tools, has agreed to be acquired by Livermore, Calif.-based Orco Construction Supply, a privately held distributor of construction supplies. Financial terms were not disclosed.
Orco, which has 22 branches throughout the western United States, said Monday it expects sales to exceed $150 million this year. Junior’s Tools had 1998 sales of more than $28 million, Orco said.
Mark Skolnick, founder and chief executive officer of Junior’s, will remain in senior management, Orco said.
The transaction is expected to be completed by the end of the year.
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