Grainger Completes Acquisition of Fabory Group | PRNewswire | #fasteners

Article by · 2011/09/01 ·

CHICAGO, Aug. 31, 2011 /PRNewswire/ — Grainger NYSE: GWW today announced it has completed its acquisition of Fabory Group, a leading European distributor of fasteners and related MRO products. Grainger announced its intention to acquire Fabory on August 15, 2011 and anticipates that the transaction will be neutral to earnings per share in 2011 and 10 to 12 cents accretive in 2012. “We are delighted to complete this acquisition so promptly and to officially welcome the Fabory team to Grainger,” said Court Carruthers, President, Grainger International. “We look forward to

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