CHICAGO — W.W. Grainger Inc.''s acquisition of fastener distributor Fabory Group is part of the company’s international expansion plan, according to the Chicago Tribune.
Jim Ryan, chairman, chief executive and president of the industrial maintenance and safety products supplier, has said Europe is a $200 billion market that will offer Grainger geographic diversity and a greater access to higher growth markets, the article stated.
According to the article, Fabory will continue as a separate business unit, retaining its name, branding and chief executive, Oswald van den Belt.
The acquisition of Fabory marks Grainger''s largest deal since its acquisition of Canadian firm Acklands Ltd. in December 1996, the article noted.
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