Grainger announced the sale of E&R Industrial Sales to Paradigm Equity Partners, a Los Angeles-based private equity firm. E&R Industrial became a subsidiary of W.W. Grainger in 2013. Grainger will continue to serve customers with maintenance metalworking products, services and expertise while focusing on its core business of maintenance, repair and operating products and services. Customers will continue to have access to E&R’s assortment when purchasing through Grainger, while E&R customers will have access to Grainger’s MRO-leading assortment when purchasing through E&R. Details of the agreement were not publicly disclosed.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GWW:
- Grainger price target lowered to $800 from $880 at Loop Capital
- Grainger price target raised to $800 from $793 at RBC Capital
- GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2023
- Grainger narrows FY23 daily sales growth view to 8.5%-9.5% from 8.5%-11%
- Grainger narrows FY23 EPS view to $36.00-$36.60 from $35.00-$36.75