Grainger acquires Safety Solutions
Grainger has acquired Safety Solutions Inc., a Dublin, Ohio-based distributor of safety footwear, supplies and services with a strong focus on the manufacturing sector.
In 2012, Safety Solutions Inc. had sales of $63 million. The terms of the deal were not disclosed. Including integration costs, Grainger expects the acquisition to be slightly dilutive to earnings in 2014 and slightly accretive in 2015.
"Safety Solutions has a long history of providing great customer service and an impressive offering of safety products and services, making this an ideal fit with Grainger," said Court Carruthers, Senior Vice President and Group President, Americas. "This acquisition extends Grainger's strong position in safety with a leading on-site safety footwear service and a unique benefit management program that tracks purchasing and compliance for customers."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
