August 15, 2011 — W.W. Grainger, Inc. plans to acquire European fastener distributor Fabory Group for US$344 million, reports The Chicago Tribune.
The Netherlands-based Fabory, which sells 80,000 products in 14 countries, had revenues of about $300 million in 2010. Grainger said it plans for Fabory to continue to operate as a separate business, keeping its name and brand. The acquisition is expected to close in the third quarter.
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About Grainger
W.W. Grainger, Inc., with 2010 sales of US$7.2 billion, is a broad line supplier of maintenance, repair, and operating products serving businesses and institutions in North America with an expanding presence in Asia and Latin America. For more information, visit www.grainger.com.
