Transaction expected to close in the third quarter of 2014.
TORONTO — Acklands-Grainger has announced an agreement to acquire WFS Enterprises Inc., a distributor of tools and supplies to industrial markets in Ontario and the US.
Terms of the transaction have not been disclosed, but the transaction is expected to close in the third quarter of 2014.
Founded in 1955 as Windsor Factory Supply and based in Windsor, Ontario, WFS offers 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, one each in Michigan and South Carolina. The company had sales of approximately $90 million.
Acklands-Grainger is a distributor of industrial, safety, and fastener products.