Industria
GRAINGER ANNOUNCES AGREEMENT TO DIVEST CROMWELL
"Over the past decade we've made a concerted effort to focus our portfolio on the geographies where we can deliver the greatest long-term impact. With this, we've altered our assumptions about our future potential in this region," said D.G. Macpherson, Chairman and CEO, Grainger. "We remain committed to creating value for our customers and driving profitable growth through our High-Touch Solutions model in North America and our Endless Assortment businesses in the United States and Japan ."
To account for this event, Grainger will record a one-time, non-cash after-tax loss related to the planned exit of the U.K. market in the range of $190 million to $205 million , the vast majority of which will be recorded in the third quarter of 2025. The transaction is subject to the standard regulatory approvals. This deal is expected to close in the coming months.
W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in North America , Japan and the United Kingdom . At Grainger, We Keep the World Working® by serving more than 4.5 million customers worldwide with maintenance, repair and operating (MRO) products and value-added solutions delivered through innovative technology and deep customer expertise. Known for its commitment to service and purpose-driven culture, the Company reported 2024 revenue of $17.2 billion . For more information, visit www.grainger.com.
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