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Grainger to acquire Fabory Group

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Chicago—Industrial distributor W.W. Grainger has agreed to acquire Netherlands-based Fabory Group, a distributor of fasteners and maintenance, repair and operations products, in a deal valued at $344 million. The acquisition is expected to close in the third quarter of this year. Grainger said in a statement that Fabory will continue to operate using its name and brand. Oswald van den Belt, Fabory's CEO, will report to Court Carruthers, president of Grainger International.
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