MDM Interview: Grainger International President on Expansion in Europe
In August, Grainger acquired Fabory Group, a European distributor of fasteners and related MRO products based in the Netherlands, for $344 million. Fabory’s sales are expected to reach €250 million (US$357 million) in 2011, primarily from sales in Europe. Court Carruthers, president of Grainger International, recently spoke with MDM about the acquisition and how Grainger approaches the integration of international acquisitions.
MDM: Why did Grainger decide to buy Fabory?
Court Carruthers: We’ve had a relationship with Fabory for several years and …