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|Acklands-Grainger Inc. Completes Acquisition Of WFS Enterprises Inc.|
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.
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.