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July 21, 2014
07:46 EDTGWWAcklands-Grainger agrees to acquire WFS Enterprises
Acklands-Grainger announced its agreement to acquire WFS Enterprises, a distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations. The acquisition is expected to be accretive in the first calendar year of operations. Terms of the transaction were not disclosed. WFS employs approximately 275 people and has 12 locations including 10 branches in Southwest Ontario, and two locations in the U.S., in Michigan and South Carolina. WFS had 2013 sales of approximately $87M. Subject to regulatory approval and certain customary closing conditions, this transaction is expected to close in the third quarter of 2014.
News For GWW From The Last 14 Days
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December 12, 2014
16:31 EDTGWWGrainger to withdraw Chicago stock exchange listing, retain NYSE listing
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10:01 EDTGWWOn The Fly: Analyst Initiation Summary
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08:00 EDTGWWGrainger reports November daily sales up 8%
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07:11 EDTGWWGrainger initiated with a Buy at Stifel
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