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Article: Grainger To Buy Majority Stake In MonotaRO.(Company overview)
- Article from:
- Investrend
- Article date:
- June 21, 2009
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Jun 21, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/06/21/grainger-to-buy-majority-stake-in-monotaro/)
June 19, 2009 (FinancialWire) -- W.W. Grainger, Inc. (NYSE: GWW), a distributor of facilities maintenance products, said it plans to become a 53% majority owner of MonotaRO, a direct marketer of maintenance, repair and operating supplies in Japan. Grainger said it plans to invest around $4 million through a tender offer bid process later this summer.
Established in 2000 in Osaka, MonotaRO started as a joint venture company between Grainger and Sumitomo Corp. supplying MRO products in Japan. MonotaRO ...