Grainger to Divest Fabory DivisionJune 3, 2020
W.W. Grainger Inc. has agreed to sell its Fabory Group to Dutch private equity firm Torqx Capital Partners.
Fabory distributes industrial supplies; fastner solutions; and other maintenance, repair and operating (MRO) products throughout Western Europe. Grainger will continue to service the region through its Cromwell and Zoro divisions. Financial terms of the sale were not disclosed.
“I want to thank the Fabory team for their innovative and customer-focused approach,” said DG Macpherson, Grainger CEO. “I’m confident the acquisition by Torqx will better align with Fabory’s growth objectives. At the same time, Grainger remains focused on providing value to our customers, executing our strategy and delivering profitable growth through our high-touch and endless assortment offerings.”
W.W. Grainger, Inc. is a broad-line supplier of maintenance, repair, and operating products serving businesses and institutions in North America. It has an expanding presence in Asia, Europe, and Latin America. For more information, visit www.grainger.com.