Global Fastener News

2011 FIN – Grainger Completes Fabory Acquisition

November 13
00:00 2014

 

September 6, 2013 FIN – W.W. Grainger Inc. completed its acquisition of Netherlands-based fastener distributor Fabory Group for about $344 million.
“We are delighted to complete this acquisition so promptly and to officially welcome the Fabory team to Grainger,” said Grainger International president Court Carruthers. “We look forward to working with Fabory leadership to accelerate their branch and product expansion plans while leveraging their expertise as a fastener specialist to benefit all of our businesses.”
Fabory sells 80,000 products to 120,000 customers from 110 locations in 14 countries, with projected 2011 revenue of $350 million.
The acquisition of Fabory, first announced on August 15, gives Grainger a presence in the world’s largest MRO market with an established business.

Fabory is expected to continue operating as a separate business, keeping its name and brand. Fabory Group CEO Oswald van den Belt will continue to run the company, reporting to Carruthers.
Europe-based Fastener+Fixing magazine reported Fabory Masters in Fasteners, formerly known as Borstlap, was founded in 1947 by J.M. Borstlap and his sons, Karek and Joop.
In 2004 ABN Amro Capital acquired the group from the Borstlap family.
In 2007 AAC sold it to HgCapital for €345 million (US$498m).
Fabory 2009 sales were €220 million (US$317m). U.S. media reported 2010 sales at €210 million (US$300m).
Fabory employs 1,600 people and is headquartered in Tilburg, the Netherlands.
In Europe, Fabory has a chain of distribution centers in addition to its central warehouse in Tilburg and a warehouse in Czech Republic servicing eastern European branches. Fabory also operates in the U.S., Canada and China. Web: Fabory.com
With 2010 sales of $7.2 billion, Lake Forest, IL-based Grainger distributes industrial maintenance and safety supplying 1.8 million customers in the U.S. Canada, Mexico and China through more than 600 branches and 18 distribution centers. Web: grainger.com   ©2011/2014 Fastener Industry News.
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