CHICAGO, June 9 /PRNewswire-FirstCall/ -- 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
service."
"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.
W.W. Grainger, Inc. (NYSE: GWW), with 2007 sales of $6.4 billion, is the
leading broad line supplier of facilities maintenance products serving
businesses and institutions in Canada, Mexico and the United States, with a
growing presence in Shanghai, China. 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.
Forward-Looking Statements
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.
CONTACT:
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+1-847-535-0879
Investors
Nancy Hobor
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and Investor Relations
+1-847-535-0065
Both of W.W. Grainger, Inc.