Friday, June 22, 2012

MSC Industrial Direct Co., Inc. to Co-Locate Headquarters and Hire 400 in Davidson

In a press conference June 20 at Davidson Town Hall, N.C. Deputy
Secretary Dale Carroll announced on behalf of Governor Beverly Perdue
that MSC Industrial Direct Co., Inc. (NYSE MSM) ("MSC") will set up a
co-headquarters in Davidson and create 400 jobs in North Carolina by
the end of 2017. The company's existing headquarters is located in
Melville, N.Y. MSC is one of the nation's leading distributors of
metalworking and industrial supplies. In business since 1941, MSC has
set the industry standard for quality, selection and customer service
as one of the leading direct marketers and distributors of more than
600,000 metalworking and industrial products.

"This co-location strategy will support and prepare for MSC's strong
future growth trajectory," said David Sandler, chief executive officer
of MSC. "After conducting a national search, the Charlotte area
provided the most compelling opportunity to strategically and cost-
effectively grow our business. We are grateful for the efforts and
leadership of Governor Perdue and other North Carolina officials for
working with us to make this co-location possible. We look forward to
building our presence in the Davidson community and to beginning this
exciting new chapter for MSC."

MSC plans to invest more than $31 million in a new 180,000 square foot
building, located in Davidson at Harbor Place. The new facility in
Davidson will house many corporate functions including, but not
limited to, executive management, IT, accounting, human resources,
product management and marketing. While compensation will vary by job
function, the minimum average compensation sits above the Mecklenburg
County average wage at more than $79,000 annually, plus benefits.

"We are delighted to welcome MSC Industrial Direct to Davidson.
Economic development is a very high priority for us," said Davidson
mayor, John Woods. "We encourage the development of jobs, with the
focus of making Davidson a great place to live and work."

MSC operates through a network of five customer fulfillment centers
(four are located within the U.S., and one is located in the U.K.) and
108 branch offices (107 are located within the U.S. and one is located
in the U.K.). MSC's customer fulfillment centers are located near
Harrisburg, Pa.; Atlanta, Ga.; Elkhart, Ind.; Reno, Nev.; and
Wednesbury, U.K.

"MSC's selection of Davidson for its co-headquarters fits perfectly
with our mission to further diversify our economy, ensuring the
Charlotte region maintains a competitive advantage across the
country," said Charlotte Chamber president, Bob Morgan. "We look
forward to having MSC as a new corporate citizen."

For job opportunities at MSC: www1.mscdirect.com/content/aboutmsc/
careers.html.

Barney Earles and Mark Herpel with CB Richard Ellis are representing
MSC in its real estate transaction, which is yet to be completed.

The Charlotte Chamber would like to thank Governor Perdue, the N.C.
Department of Commerce, N.C. Community Colleges, Mecklenburg County,
the Town of Davidson, the Lake Norman Regional Economic Development
Corporation, the Charlotte Regional Partnership and Duke Energy for
their assistance with this important project.