Acklands-Grainger acquires Atlantic Canada distributor
St John's, NF -- K&D Pratt Group Inc, a distribution and service company serving Atlantic Canada, has sold...
St John’s, NF — K&D Pratt Group Inc, a distribution and service company serving Atlantic Canada, has sold the assets of its Industrial Division, to Acklands-Grainger Inc., a wholly owned subsidiary of W.W. Grainger Inc.
Pratt’s Industrial Division, with 2008 sales of approximately C$12 million, is a distributor of industrial and safety products with facilities in Dartmouth, NS, St. John’s, NL, and Saint John, NB. It was previously one of six business units owned and operated by K&D Pratt Group Inc. Terms of the deal were not disclosed.
“The Industrial division has been part of K&D Pratt for over 30 years and has provided the Atlantic Canadian business community with exceptional service, full-service distribution and strong technical expertise that has earned us the reputation as industry leaders,” said Andrew Bell, president of K&D Pratt Group Inc. “Today’s sale of the Industrial division allows us to strengthen and focus our attention on our five remaining technical business divisions and demonstrate category leadership and expertise in the fields in which we will continue to operate.”
Bell also noted the company wanted to ensure the best interests of its employees and customers were considered.
The sale does not impact the remaining five of Pratt’s business divisions in the categories of communications, offshore, fire, logistics and instrumentation.
“Acklands-Grainger is a national company with similar business values and focus on customer service. We are confident that our customers will continue to be served well and employees involved in the Industrial division will have a smooth transition,” added Bell. “This is a great strategic fit and both our companies look forward to maintaining a strong presence in Atlantic Canada.”
“We are very excited about joining forces with the K&D Pratt Industrial Division and anticipate it will help us enhance our position as our customers’ indispensable partner in keeping their facilities safe, efficient and functional,” said Sean O’Brien, president of Acklands-Grainger. “They are a leading distributor in Atlantic Canada and their solid customer relationships and service excellence will further enhance our strong local presence in this key and growing region.”
Acklands-Grainger is Canada’s largest distributor of industrial, safety and fastener products. The company operates seven locations in Atlantic Canada, including two new branches in Sydney, NS, and Fredericton, NB, opened in 2009.
For more information about Acklands-Grainger, visit www.acklandsgrainger.com.
K&D Pratt Group Inc. has been serving Atlantic Canadian industry for over 80 years with products, solutions and technical expertise in a range of customer segments. It operates over 100,000 sq. ft. of office and warehouse space and employs over 90 personnel.
For more information about K&D Pratt, visit www.kdpratt.com.