6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Gempler's will become part of Grainger's Lab Safety Supply subsidiary, which is the premier direct marketer providing safety and industrial supplies. Gempler's, with 2002 annual sales of more than $30 million, sells tools, safety supplies, clothing and other equipment, many of which are not easily found in other catalogs supplying these markets. Lab Safety intends to distribute Gempler's products out of its Janesville, Wisconsin, facility.
Grainger Chairman and Chief Executive Officer Richard L. Keyser said, "We have stated publicly that we intend to make bolt-on acquisitions to accelerate Lab Safety's growth. Gempler's offers access to new markets in the agricultural, horticultural, grounds maintenance, and contractor arenas that we can serve with many of Lab Safety's existing products and targeted media. This transaction is similar to Lab Safety's successful acquisition of Ben Meadows, which has provided diversification of Lab Safety's customer base outside the manufacturing sector."
Gempler's, Inc., is a privately held company headquartered in Belleville, Wisconsin. Lab Safety expects to retain certain of Gempler's management, customer service and other employees and plans to open an office facility in Madison, Wisconsin.
Larry Loizzo, president of Lab Safety, said, "We are pleased with the addition of the Gempler's brand to our array of targeted specialty catalogs.
They have provided customers with a quality product offering and high levels of service. We look forward to working with the employees of Gempler's in our efforts to continue building this business."
W.W. Grainger, Inc. (NYSE: GWW), is the leading broad line supplier of facilities maintenance products in North America. Grainger serves customers through a network of nearly 600 branches, 16 distribution centers, and four Web sites. Sales for 2002 were $4.6 billion. For more information, visit Grainger online at www.grainger.com.