Wednesday, December 22, 2010

Grainger sells Highsmith brand

Broad-line distributor is also considering the sale of four other units under its Specialty Brands division

W.W. Grainger announced the sale of one of its specialty brands earlier this week. The broad-line distributor sold Highsmith, which provides products and solutions to libraries and schools, to DEMCO, Inc., a leading provider of supplies, equipment, furniture and technology for libraries and schools nationwide. Terms of the deal were not disclosed.

Grainger's Specialty Brands serve targeted customer segments with products and services specific to their industries.

The distributor also said it is considering the sale of four other specialty brands:
  • Professional Equipment (serving inspection and construction-related trade professionals)

  • Construction Book Express (serving general contractors, electricians, HVAC professionals, engineers and architects)

  • McFeely's (serving professional woodworkers)

  • Rand (serving material handling needs)

These four brands represent roughly 1% of Grainger's revenue.

Grainger said it will continue to invest in its remaining specialty brands, including Lab Safety Supply, Imperial, Gempler's, Ben Meadows and AW Direct.

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