Grainger Subsidiary to Buy Two Catalogs
Industrial distributor Grainger, Chicago, IL, announced its Lab Safety Supply subsidiary has agreed to acquire Professional Inspection Equipment Inc. and Construction Book Express Inc, both companies operating from the same address in Hauppage, NY. The businesses are direct marketers of tools, instruments and reference materials to the $2.5 billion building and home inspection market.
"Our strategy is to accelerate LSS's growth by finding premier direct marketing companies that complement the company's targeted catalog approach," said Grainger's Chairman and CEO Richard L. Keyser. "This acquisition will enable LSS to further diversify its customer base into the services sector."
Professional Inspection ...