WW Grainger to buy Techni-Tool, no terms

WW Grainger reaches deal to buy manufacturing distributor Techni-Tool for undisclosed sum

Associated Press

CHICAGO (AP) -- W.W. Grainger Inc., which sells power tools, maintenance supplies and other industrial equipment, said Monday that it plans to buy manufacturing distributor Techni-Tool Inc. to boost growth.

Financial terms were not disclosed.

Techni-Tool, which is based in Worcester, Pa., supplies manufacturers in the electronics, telecommunications and medical services industries, Grainger said. It posted $88 million in 2011 sales.

The deal is set to close by Dec. 31 and isn't expected to affect Grainger's 2013 earnings per share.

Shares of Chicago-based Grainger rose 76 cents to $191.02 in morning trading.

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