With an eye toward expanding its operations in India, W.W. Grainger Inc., Lake Forest, Ill., signed a definitive agreement to acquire full ownership of its joint venture in India, Asia Pacific Brands India Private Limited, one of India’s leading industrial and electrical wholesale distributors. Grainger initially bought a 49.9 percent stake in the company in July 2008. (See EM – Aug. 15, p. 3).
In a press statement, Jim Ryan, Grainger’s chairman and CEO, said the acquisition
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