Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Grainger (WW)    GWW

GRAINGER (WW) (GWW)
My previous session
Most popular
  Report  
Real-time Quote. Real-time Cboe BZX - 09/21 10:00:00 pm
355.95 USD   +0.26%
08/10GRAINGER (WW) : Ex-dividend day for
FA
07/29GRAINGER WW : Brenham ISD Foundation receives donation
AQ
07/25GRAINGER WW : Declares Quarterly Dividend
PR
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

W.W. Grainger, Inc. : Grainger Announces Intent To Acquire Techni-Tool, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/17/2012 | 02:35pm CEST

CHICAGO, Dec. 17, 2012 /PRNewswire/ -- Grainger (NYSE: 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.

Founded in 1959 and based in Worcester, Pa., Techni-Tool, along with Wassco, employs approximately 200 people and provides nearly 25,000 products and related services to manufacturers in the electronics, telecommunications and medical services industries.

"This acquisition brings together two great companies with a strong passion for customer service and helps provide manufacturing customers with more of the products, services, solutions and technical expertise they need to keep their facilities running and their employees safe. Acquisitions like Techni-Tool play a key role in supplementing our organic growth strategies," said Court Carruthers, Senior Vice President and President, Grainger U.S.

About Grainger
W.W. Grainger, Inc. with 2011 sales of $8.1 billion is North America's leading broad line supplier of maintenance, repair and operating products, with expanding global operations. Visit www.grainger.com/investor for more information about the company.

SOURCE W.W. Grainger, Inc.


© PRNewswire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GRAINGER (WW)
08/10GRAINGER (WW) : Ex-dividend day for
FA
07/29GRAINGER WW : Brenham ISD Foundation receives donation
AQ
07/25GRAINGER WW : Declares Quarterly Dividend
PR
07/25Manufacturers Play Down Tariffs -- WSJ
DJ
07/25GRAINGER (WW) : Dividends
CO
07/24Many Manufacturers Take Tariffs in Stride
DJ
07/23GRAINGER (WW) : Free Post Earnings Research Report: W.W. Grainger’s Sales Jumped..
AC
07/18W.W. Grainger On Track for New All-Time High After 2Q Earnings Beat, 2018 Out..
DJ
07/18GRAINGER WW : W.W. Grainger Helped by Strong Economy -- Earnings Review
DJ
07/18GRAINGER W W INC : Results of Operations and Financial Condition, Financial Stat..
AQ
More news
News from SeekingAlpha
09/18Time To Take Some Profits In W.W. Grainger 
09/18Bulletproof Investing Performance Update, Week 42 
09/17MY ANNIVERSARY : One Year Later, My Articles Outperform The S&P By 50% 
09/10TRACKING HOW FAR THEY FELL : August Service Sector Edition 
09/06Wolfe Research sees tariff risk in electrical equipment sector