Grainger GWW, the leading broad
line supplier of maintenance, repair and operating products serving businesses
and institutions, today announced its intent to acquire Techni-Tool, Inc., and
its affiliate Wassco Inc., leading specialist distributors serving
manufacturing customers with 2011 sales of $88 million. Grainger expects the
transaction to close by December 31, 2012, subject to standard conditions, and
be neutral to 2013 earnings per share. Terms of the agreement were not
disclosed.
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