Grainger, the broad line supplier of maintenance, repair and operating products, today announced its intent to acquire Techni-Tool, Inc., and its affiliate Wassco Inc.
Techni-Tool reported 2011 sales of $88 million. Grainger expects the transaction to close by December 31, 2012. Terms of the agreement were not disclosed.
Founded in 1959 and based in Worcester, Pa., Techni-Tool, along with Wassco, employs approximately 200 people and provides nearly 25,000 products and related services to manufacturers in the electronics, telecommunications and medical services industries.Tagged with tED