Grainger, Chicago, IL, industrial distributor, announced its Lab Safety Supply subsidiary has acquired McFeely’s Square Drive Screws, Lynchburg, VA. McFeely’s, with sales of $9 million in 2006, is a business-to-business direct marketer of specialty fasteners, hardware and tools for the professional woodworking industry.
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This acquisition will enable LSS to further penetrate the woodworking and construction markets,” said Chairman and CEO Richard Keyser.
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McFeely’s will be marketed as an independent brand by LSS. It serves more than 70,000 customers including woodworkers, handymen, home improvement professionals, construction companies and cabinet makers.
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Grainger had 2006 sales of $5.9 billion. It has 600 branches, 18 distribution centers …
