Grainger Acquires E&R Industrial Sales

(RTTNews) - W.W. Grainger, Inc. (GWW) said Monday that it has acquired E&R Industrial Sales, Inc., a distributor of metalworking, production supplies and MRO materials to manufacturers and industrial customers across the Midwest and Eastern United States, and its subsidiaries.

Based in Sterling Heights, Michigan, E&R Industrial provides more than 100,000 products to 4,000 customers across the aerospace, automotive and general industrial sectors. The company employs more than 350 team members, including metalworking specialists in field sales, inside sales and product management who provide an in-depth and unique technical expertise. E&R Industrial reported 2012 sales of about $180 million.

The deal is expected to be neutral to earnings in 2013 and accretive in 2014, including integration costs.

Additional terms were not disclosed.