CHICAGO, June 9 /CNW/ -- Grainger (NYSE: GWW), North America's leading
industrial distributor, today announced that its Canadian subsidiary, Acklands
- Grainger Inc., has acquired substantially all of the assets of Excel
Industriel located in Granby, Quebec. Excel is a business-to-business broad
line distributor of maintenance, repair and operating (MRO) supplies. Terms of
the agreement were not disclosed.
"We are very excited about joining forces with Excel," said Court D.
Carruthers, President of Acklands - Grainger. "They are a leading player in
the Eastern Townships of Quebec and have a long history of excellent customer
"Excel has been in business since 1951. Our business is a perfect fit for
Acklands - Grainger. We share common values and expect a seamless
transition," adds Louis Menard, President, Excel Industriel.
The company expects an incremental sales contribution of approximately
$11 million from this acquisition over the next 12 months. The two existing
Acklands - Grainger and Excel branches in Granby will be merged; integration
is expected within 60 days.
About Acklands - Grainger, Inc.
Acklands-Grainger, Inc. is Canada's largest distributor of industrial,
safety and fastener products, with over 100,000 in-stock products available
from 155 branches and five distribution centres coast to coast.
Its parent company, W.W. Grainger, Inc., with 2007 sales of $6.4 billion,
is the leading broad line supplier of facilities maintenance products serving
businesses and institutions in Canada, China, Mexico and the United States.
Through a highly integrated network including more than 600 branches, 18
distribution centers and multiple Web sites, Grainger's employees help
customers get the job done. Visit http://www.grainger.com for more information
about the company.
This document contains forward-looking statements under the federal
securities law. The forward-looking statements relate to the company's
expected future financial results and business plans, strategies and
objectives are not historical facts. They are generally identified by
qualifiers such as "expect," "expects," "expected," or similar expressions.
There are risks and uncertainties the outcome of which could cause the
company's results to differ materially from what is projected. The
forward-looking statements should be read in conjunction with the company's
most recent annual report, as well as the company's Form 10-K and other
reports filed with the Securities & Exchange Commission, containing a
discussion of the company's business and various factors that may affect it.
W.W. Grainger, Inc.
For further information:
For further information: Media, Sara Boyne-Granack, Manager,
Communication East, +1-678-540-0148, or Investors, Nancy Hobor, Sr. Vice
President, Communications and Investor Relations, +1-847-535-0065, both of
W.W. Grainger, Inc. Web Site: http://www.grainger.com