TORONTO, ON September 2, 2014 – Acklands-Grainger Inc., Canada’s largest distributor of industrial, safety and fastener products, today announced that it has completed its acquisition of WFS Enterprises Inc. (WFS), a leading distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations. Acklands-Grainger previously announced its agreement to acquire WFS on July 21, 2014.
Founded in 1955 as Windsor Factory Supply and based in Windsor, Ontario, WFS offers customers more than 100,000 maintenance, repair and operating (MRO) products with a focus on safety, metalworking, plumbing, and hand and power tools. The company employs approximately 275 people and has 12 locations, including 10 branches in Southwest Ontario and locations in Michigan and South Carolina. WFS had 2013 sales of approximately CAD $90 million / USD $87 million.
The acquisition of WFS will allow Acklands-Grainger to provide even better selection and service to customers, particularly those in Eastern Canada and the manufacturing sector.
About Acklands-Grainger Inc. and W.W. Grainger, Inc.
Founded in 1889, Acklands-Grainger is Canada’s largest distributor of industrial, safety, and fastener products, with over 350,000 products available from 171 branches and six distribution centres coast to coast to coast. For more information about Acklands-Grainger, please visit acklandsgrainger.com/info.
Its parent company, W.W. Grainger, Inc. (NYSE: GWW), with 2013 sales of $9.4 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with operations in Asia, Europe and Latin America. For more information about the company, visit www.grainger.com.
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 and are not historical facts. They are generally identified by qualifiers such “expect,” “plans,” “will,” 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 and Exchange Commission, containing a discussion of the company’s business and various factors that may affect it.