9/12/2011
NEWS BRIEFS
Grainger Organic Sales Growth Nears Double Digits
Grainger reported daily sales grew 10% in August. Nearly all of that was organic growth — 9% — which included 8 percentage points from volume, 3 percentage points from price and 1 percentage point from sales related to Hurricane Irene, partially offset by a 3 percentage point decline from 2010 oil spill related sales.
In early September Grainger acquired Netherlands-based fastener distributor Fabory Group for about $344 million. The acquisition gives Grainger a presence in the world’s largest MRO market with an established business.
Fabory will operate as a separate business, keeping its name and brand. ©2011 GlobalFastenerNews.com
Grainger reported daily sales grew 10% in August. Nearly all of that was organic growth — 9% — which included 8 percentage points from volume, 3 percentage points from price and 1 percentage point from sales related to Hurricane Irene, partially offset by a 3 percentage point decline from 2010 oil spill related sales.
Sales in the U.S. rose 8% during August, while sales in Canada jumped 21%, boosted by a 14% gain in local currency.
Sales in other parts of the world collectively gained 23% during the month.
In early September Grainger acquired Netherlands-based fastener distributor Fabory Group for about $344 million. The acquisition gives Grainger a presence in the world’s largest MRO market with an established business.
Fabory will operate as a separate business, keeping its name and brand. ©2011 GlobalFastenerNews.com
Related Stories:
• Grainger Completes Fabory Acquisition
Related Links:
• Grainger
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