REGISTER NOW! August 1, 2022. FREE 1–Hour Virtual Uptime Elements Introduction

Grainger expects to invest approximately $4M through a tender offer bid process later this summer.

Established in 2000 in Osaka, MonotaRO started as a joint venture company between Grainger and Sumitomo Corporation supplying MRO products in Japan. MonotaRO has successfully innovated in the Japanese MRO market, the second largest industrial market in the world, offering more than 110,000 products to more than 320,000 customers. In 2008, MonotaRO had revenues of $136M and operating earnings of $11 million.

“We are excited about the opportunity to increase our ownership of MonotaRO. The Japanese MRO market is estimated at $50 billion and MonotaRO has been growing by helping thousands of small and mid-size businesses get the quality products they need to keep their facilities running,” said Grainger’s Chairman, President and Chief Executive Officer Jim Ryan. “This increased investment, along with our recent acquisition of Asia Pacific Brands India Private Limited demonstrates Grainger’s commitment to grow its global presence. Our global supply chain scale and strong supplier relationships developed throughout Asia enable us to deliver what customers need. We plan to continue to pursue attractive opportunities in global markets.”

MonotaRO is traded on the Mothers market of the Tokyo Stock Exchange and is seeking to transfer its listing to the TSE 1st Section. In anticipation of the transfer, on June 19, MonotaRO announced it would be calling a shareholder meeting in late July to authorize the repurchase of 1.83 million shares. Assuming MonotaRO’s shareholders approve the repurchase, Grainger plans to initiate a tender offer bid in August for 380,000 shares, allowing Grainger to achieve a 53% majority interest in MonotaRO. The tender is anticipated to be completed in the third quarter.

Upon completion of MonotaRO’s repurchase of approximately 1.83 million shares, Grainger’s ownership would increase from 38% to 48%. In early August, Grainger plans to tender in Japan for 380,000 shares, approximately 5% of MonotaRO shares, at a price of 1,010 Yen per common share and has an agreement with Sumitomo Corporation which will commit 380,000 shares.

About Grainger

W.W. Grainger, Inc. (NYSE: GWW), with 2008 sales of $6.9 billion, is a leading broad line supplier of facilities maintenance products serving businesses and institutions in the United States, Canada, Mexico, China and Panama. Through a highly integrated network including more than 600 branches, 18 distribution centers and multiple Web sites, Grainger’s employees help customers get the job done.

More online at http://www.grainger.com

Upcoming Events

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Reliability Leader Fluid Cleanliness Pledge

Fluid Cleanliness is a Reliability Achievement Strategy as well as an asset life extension strategy

MaximoWorld 2022 Conference Austin Texas

Connect with leading maintenance professionals, reliability leaders and asset managers from the world's best-run companies who are driving digital reinvention.

“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.

Conducting Asset Criticality Assessment for Better Maintenance Strategy and Techniques

Conducting an asset criticality assessment (ACA) is the first step in maintaining the assets properly. This article addresses the best maintenance strategy for assets by using ACA techniques.

Harmonizing PMs

Maintenance reliability is, of course, an essential part of any successful business that wants to remain successful. It includes the three PMs: predictive, preventive and proactive maintenance.