Grainger (GWW) to Acquire Cromwell in $482M Deal
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Grainger Announces Agreement To Acquire Cromwell, The Largest Independent British MRO Distributor
July 30, 2015 8:02 AM EDTCHICAGO, July 30, 2015 /PRNewswire/ -- Grainger (NYSE: GWW), North America's leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced it has entered into a definitive agreement to acquire Cromwell Group (Holdings) Limited, together with its subsidiaries ("Cromwell") on a cash free, debt free basis for £310 million GBP, (approximately $482 million USD) in cash.  The transaction should be completed in early September.  The acquisition of Cromwell is expected to be immediately accretive in 2015 and $0.10 to $0.15 accretive to... More
