Grainger (NYSE: GWW), which is North America’s leading distributor of maintenance, repair and operating (MRO) products serving businesses and institutions announced it has completed its acquisition of UK headquartered Cromwell Group (Holdings) Ltd together with its subsidiaries. The transaction was completed on 1st September 2015.
Cromwell was founded in 1970 and, from its Leicester head offices grew to become the largest independent MRO distributor in the UK, serving more than 35,000 customers worldwide with more than 80,000 industrial products and employing more than 2150 people. Its sales for fiscal year to 31st August 2015 are forecast to be £283 million. The Cromwell business will now operate as a subsidiary of Grainger and will provide the base from which Grainger can accelerate growth of its online MRO model in the UK and Germany.
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