Grainger acquires Safety Solutions; to be slightly accretive in 2015 Grainger acquired Safety Solutions, a distributor of safety footwear, supplies and services with a focus on the manufacturing sector. In 2012, Safety Solutions had sales of $63M. 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.
Grainger downgraded to Neutral from Outperform at Baird Baird downgraded Grainer to Neutral from Overweight as U.S. economic trends are progressively later-cycle, raising overall risk profiles for distributors with industrial exposure. Baird lowered its price target to $240 from $258 on Grainger shares.