Grainger to Buy Techni-Tool

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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. 
Posted In: NewsM&A
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