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Grainger to Buy Techni-Tool

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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. 

Posted-In: News M&A

 

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