Grainger, Chicago, IL, industrial distributor, announced its Lab Safety Supply subsidiary has acquired McFeely’s Square Drive Screws, Lynchburg, VA. McFeely’s, with sales of $9 million in 2006, is a business-to-business direct marketer of specialty fasteners, hardware and tools for the professional woodworking industry.
This acquisition will enable LSS to further penetrate the woodworking and construction markets,” said Chairman and CEO Richard Keyser.
McFeely’s will be marketed as an independent brand by LSS. It serves more than 70,000 customers including woodworkers, handymen, home improvement professionals, construction companies and cabinet makers.
Grainger had 2006 sales of $5.9 billion. It has 600 branches, 18 distribution centers and multiple Web sites. It serves customers in the U.S., Canada, China and Mexico.