W.W. Grainger Inc. (NYSE:GWW), in line with its expansion plans in Latin America, is buying the Brazilian supply company AnFreixo SA from Brazilian industrial conglomerate Votorantim Group.
AnFreixo is a leading distributor of maintenance, repair and operating (MRO) supplies to more than 2,000 customers in Brazil. It generated sales of approximately $37 million in 2011. A major portion of the sales were to its parent company, Votorantim. Following the acquisition, Grainger will continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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