Grainger intends to acquire Fabory Group for ~$344M

Grainger announced its intent to acquire the shares of European fastener and MRO distributor Fabory Group for approximately $344 million, with the deal pending Works Council consultations and customary closing conditions.

“Grainger announced that it intends to acquire the shares of Fabory Group, a leading European distributor of fasteners and related maintenance, repair, and operations (MRO) products. The transaction price will be approximately $344 million (euro 242 million).”

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