Toronto – Acklands-Grainger of Richmond Hill, ON, a distributor of industrial, safety and fastener products, plans to acquire WFS Enterprises Inc., a distributor of tools and supplies to industrial markets in southern Ontario and the US.
Founded in 1955 as Windsor Factory Supply and based in Windsor, ON, WFS offers customers more than 100,000 products with a focus on safety, metalworking, plumbing, and hand and power tools. The company employs approximately 275 people and has 12 locations, including 10 branches in southwest Ontario, and two locations in the US, in Michigan and South Carolina.
WFS had sales of about C$90 million in 2013.
“This acquisition will create greater customer value through a broader product offering, additional solutions and technical expertise relevant to the manufacturing sector,” said Court Carruthers, group president, Americas, Grainger. “Acklands-Grainger and WFS share a rich history and similar values around great customer service and a strong team focus.”
This transaction is expected to close in the third quarter of 2014.