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July 10, 2008

Grainger's Lab Safety Supply Acquires Highsmith

Chicago-based Grainger subsidiary Lab Safety Supply, Inc., has acquired Highsmith Inc., Fort Atkinson, WI. Highsmith is a distributor in the library equipment, furniture and supplies market.
 
"We are pleased to be adding Highsmith to our specialty catalog group," said Larry Loizzo, president of Lab Safety Supply. "They have built a solid brand position in the library and school supplies market over the past 50 years; we intend to build upon it."
 
The integration of Highsmith into LSS's operations should be completed over the next six months. The acquisition is expected to add $20-30 million to Lab Safety Supply's sales in 2008.
 
LSS provides safety and other products to more than 800,000 customers in North America. It reaches them through a variety of branded catalogs, flyers and Web sites targeted to specific niche markets. Customers represent all sizes and a range of sectors, including manufacturing, government and agriculture.
 
W.W. Grainger, Inc. had 2007 sales of $6.4 billion. It is a supplier of facilities maintenance products.

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