Acklands-Grainger Inc. Acquires Industrial Products Business in Nova Scotia and New Brunswick, Canada
6 December 2010
Acklands-Grainger Inc., Canada’s largest distributor of industrial, safety and fastener supplies, has entered into an asset purchase agreement to acquire the Nova Scotia and New Brunswick business of Wolseley Industrial Products (Amalgamated) Inc., a distributor of industrial, construction, MRO and safety products.
Acklands-Grainger expects an incremental sales contribution of approximately $14 million from this acquisition over the next 12 months. The deal was effective December 6, 2010 and terms were not disclosed. Founded in 1889, Acklands-Grainger is Canada’s largest distributor of industrial, safety, and fastener products, with over 100,000 in-stock products available from 170 branches and six distribution centres from coast to coast to coast.
"This acquisition will improve our service to customers and will help us enhance our position as our customers’ valued partner in helping to keep their facilities safe, efficient and functional," said Sean O’Brien, President of Acklands-Grainger. "Acklands-Grainger continues to make strategic investments to meet the needs of local customers and we are excited to add talented new members to our team in Atlantic Canada."
Acklands-Grainger has served Atlantic Canada for more than 45 years through eight locations in the region and has made significant investments across the region t. The company acquired K&D Pratt Industrial in 2009 and opened a new distribution centre in Dartmouth, Nova Scotia earlier this year.
The business at the acquired locations in Moncton, NB; Fredericton, NB; Saint John, NB; and Halifax, NS will continue to operate at its respective locations for the immediate future. Acklands-Grainger will transition the business from the newly acquired Sydney, NS location to its existing Sydney location in the next two months.
Its parent company, W.W. Grainger, Inc., with 2009 sales of $6.2 billion, is North America’s leading broad line supplier of maintenance, repair and operating products with an expanding presence in Asia and Latin America.