Grainger GWW, the leading broad
line supplier of maintenance, repair and operating products serving businesses
and institutions, today acquired E&R Industrial Sales, Inc., a distributor of
metalworking, production supplies and MRO materials to manufacturers and
industrial customers across the Midwest and Eastern United States, and its
subsidiaries. With this acquisition, Grainger adds an industry-leading team of
metalworking experts and extends its capabilities for serving customers in the
manufacturing space. The acquisition is effective immediately.
The deal is expected to be neutral to earnings in 2013 and accretive in 2014,
including integration costs. Additional terms were not disclosed.
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