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Grainger Purchases Fabory
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2011-10-30

US industrial maintenance and safety products supplier W.W. Grainger Inc has announced plans to buy Fabory Group for approximately 242 million euros.  The transaction was completed at the end of August.

Jim Ryan, Grainger chairman, president and chief executive officer said: “Fabory provides a unique opportunity for Grainger to enter one of the world’s largest MRO markets through an established and growing business.” He added:  “Fabory brings expertise as a fastener specialist to amplify Grainger’s product offering, while Grainger’s scale and supplier network will help accelerate further growth of Fabory’s business.”

Fabory masters in Fasteners, formerly known as Borstlap & Sons, was founded in 1947 by J.M. Borstlap and his sons Karel and Joop. In 2004 ABN Amro Capital acquired the group from the Borstlap family. In 2007 AAC sold it to HgCapital for 345 million euros having reportedly made a substantial return on its investment.
 
Fabory sales in 2010 were approximately 211 million euros. The Group employs 1,600 people and is headquartered in Tilburg, the Netherlands. In Europe there is a chain of Fabory Centres in addition to the headquarters and central warehouse in Tilburg and a warehouse in Czech Republic servicing eastern European branches. The Group operates in USA and Canada, and in China. Fabory supplies some 80,000 product lines, servicing 120,000 customers in 110 locations.

Grainger intends for Fabory to continue as a separate business under its own name and brand with Oswald van der Belt, who was appointed in 2008, continuing as CEO. He will report to Court Carruthers, senior vice president and president, Grainger International.

Grainger is headquartered in Lake Forest, Illinois. 2010 sales were US$7.2 billion servicing businesses and institutions in 157 countries from a 700,000 line range, of which fasteners is said to be a small percentage. It employs 18,500 people and has 600 branches, more than two thirds in the USA. Grainger is expanding in both Asia and Latin America, operating in Mexico, India, Columbia, China, Japan, Puerto Rico and Panama.

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reference from Fastener & Fixings / arranged by Fastener World Inc.
 
 
2011-10-30

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