MSC Industrial Direct Co., Inc. Announces Definitive Agreement to Acquire J & L Industrial Supply - Research and Markets Offers a Brief of MSC Industrial Direct Conference Call

Business Wire, March 16, 2006

DUBLIN, Ireland -- The MSC Industrial Direct (NYSE:MSM) Corporate Conference Call took place on 16-Mar-06 11:00am ET.

MSM reported that it signed a definitive agreement to acquire J&L Industrial Supply from Kennametal for $349.5m. 2Q06 revenues are expected to be in the range of $305-306m and net diluted EPS is expected to be between $0.48-0.49.

More information on this Conference Call can be obtained from Research and Markets at http://www.researchandmarkets.com/transcripts/83113

This document provides a non-biased summary of the conference call detailing the key points and the full Q&A session.