W.W. Grainger, Inc. (NYSE:GWW) a leading broad line supplier of maintenance, repair and operating products serving businesses and institutions, announced it has divested its 49 percent stake in MRO Korea to affiliates of its former partner, SK Networks, for $12 million, resulting in a net gain of approximately $5 million. SK Group intends to transform the MRO Korea business model into a social enterprise, focused on job creation for the underprivileged.
W.W. Grainger, Inc., with 2010 sales of $7.2 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with expanding operations in Europe, Asia and Latin America. For more information about the company, visit www.grainger.com/investor.
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October 14th, 2011 at 01:07 pm