W.W. Grainger Inc. (GWW) has acquired an 80% stake in Colombian maintenance parts distributor Torhefe SA through the formation of a joint venture, increasing its Latin American presence.
Fortunes for the industrial-products provider have improved the past year amid a rebounding global economy, which it tends to mirror because of the breadth of its product offerings.
Torhefe, which will be re-named Grainger Colombia, had revenue of $23 million last year.
Courtesy: WSJ
http://online.wsj.com/article/BT-CO-20100621-706368.html?mod=wsj_share_facebook
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