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BtoB

Grainger to acquire Japanese MRO company

Published on .

Chicago—Grainger announced Friday it plans to become a 53% majority owner of MonotaRO, a direct marketer of maintenance, repair and operating supplies in Japan.

Grainger expects to invest approximately $4 million through a tender offer bid process later this summer. Established in 2000 in Osaka, Japan, MonotaRO started as a joint venture company between Grainger and Sumitomo Corp. supplying MRO products in Japan. In 2008, MonotaRO had revenue of $136M and operating earnings of $11 million.

“This increased investment, along with our recent acquisition of Asia Pacific Brands India Private Limited demonstrates Grainger’s commitment to grow its global presence,” Jim Ryan, Grainger’s chairman and president-CEO, said in a statement.

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