Monday morning, Grainger W.W. Inc. (GWW), a supplier of maintenance and other related products, said that its Canadian subsidiary, Acklands - Grainger Inc., has acquired substantially all of the assets of Excel Industriel located in Granby, Quebec for an undisclosed sum.
Excel is a business-to-business broad line distributor of maintenance, repair and operating supplies. The company said that the two existing Acklands - Grainger and Excel branches in Granby would be merged. The integration is expected within 60 days.
The acquisition is expected to provide an incremental sale of about $11 million over the next 12 months.
GWW is currently up $0.38 or 0.43% and trades at $89.60
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.