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Chicago-based Grainger (NYSE: GWW), No. 3 on MDM's list of the top 40 industrial distributors, reported sales for the month of January 2012 were up 17 percent from January 2011. Results for the month included a 5 percentage point contribution from acquisitions.
Excluding acquisitions, organic sales were up 12 percent, including 12 percentage points from volume and 2 percentage points from price, offset by a 1 percentage point decline from foreign exchange and lower sales of seasonal products.
By segment, U.S. sales were up 11 percent in January; Canadian sales were up 17 percent (19 percent in local currency); and Other Businesses were up 103 percent (27 percent excluding acquisitions).