This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Grainger Enters Brazil Through The Aquisition Of AnFreixo, A Votorantim Company

CHICAGO, April 3, 2012 /PRNewswire/ -- Grainger (NYSE: GWW) today announced it has acquired 100 percent of the shares of AnFreixo S.A., effective April 2, 2012.  With 2011 sales of approximately $37M USD, AnFreixo is a leading broad line distributor of maintenance, repair and operating (MRO) supplies in Brazil.  The company had been a subsidiary in the Votorantim Group, one of the largest industrial conglomerates in Latin America with 2011 revenues in excess of $20B USD. Terms of the deal were not disclosed. Moving forward, the company will operate under the name Grainger.   

The acquisition of AnFreixo provides Grainger with a solid entry point for physical operations in Brazil, the largest MRO market in Latin America. "We're excited to enter Brazil through the acquisition of AnFreixo," said Mike Pulick, Senior Vice President and President, Grainger International. "Many of Grainger's customers have operations in Brazil and they're looking to Grainger to help them keep their operations running efficiently and keep their employees safe on the job. This acquisition is a great step forward in our continued focus on meeting the needs of businesses throughout the Latin American region." 

AnFreixo serves more than 2,000 customers from its distribution center in Sao Paulo and a team of sales professionals.  Today, a significant portion of AnFreixo's sales are to affiliates of its parent company, Votorantim Industrial.  As part of the transaction, Grainger announced it has entered into a long term supply agreement in which the Votorantim Group will continue to purchase MRO products from AnFreixo.  

With a shared common business culture, the acquisition of AnFreixo is a good fit for Grainger. The company will leverage AnFreixo's quality systems, processes, and team with Grainger's supply chain expertise, product offering and commitment to customer service. "We expect a seamless transition for our employees and customers and know they will appreciate and benefit from the expanded product offering and industry knowledge that comes from joining forces with North America's leading broad line industrial distributor," Ernani Araujo, President, AnFreixo.

This acquisition further builds on Grainger's international expansion and recent investments in Latin America. The company has physical operations in Colombia, Costa Rica, Dominican Republic, Mexico, Panama, Puerto Rico and Trinidad and has also served businesses throughout the region for more than 20 years through its export business, which includes representatives in Brazil, Chile, El Salvador, Peru and Venezuela.  More information about Grainger is available at www.grainger.com/news.  

About W.W. Grainger, Inc. W.W. Grainger, Inc., with 2011 sales of $8.1 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with an expanding global presence.  For more information about the company, visit www.grainger.com/investor.

About AnFreixo S.A. AnFreixo S.A., with 2011 sales of approximately $37 million USD, is a leading distributor of maintenance, repair and operating (MRO) supplies in Brazil.  The company serves more than 2,000 customers in industries such as manufacturing, steel, construction and mining, from its distribution center in Sao Paulo. The company has served Brazil since 1943.

Forward-Looking StatementsThis document contains forward-looking statements under the federal securities law.  The forward-looking statements relate to the company's expected future financial results and business plans, strategies and objectives are not historical facts.  They are generally identified by qualifiers such as "continues to make strategic investments," "expect,"  "plans," "will," or similar expressions. There are risks and uncertainties the outcome of which could cause the company's results to differ materially from what is projected.  The forward-looking statements should be read in conjunction with the company's most recent annual report, as well as the company's Form 10-K and other reports filed with the Securities & Exchange Commission, containing a discussion of the company's business and various factors that may affect it.

SOURCE W.W. Grainger, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs