W.W. Grainger, Lincolnshire, Ill., has divested its 49 percent share in MRO Korea, selling its stake to affiliates of its former ownership partner, SK Networks, for $12 million. Grainger didn’t give its reasons for getting out of the venture, but said the new ownership will pursue a new business model for MRO Korea that will turn it into “a social enterprise focused on job creation for the underprivileged.” In its release, Grainger said it will continue to expand its presence in the Asian ...
Subscribe for access to premium content on electricalmarketing.com
Electrical Marketing is the electrical industry’s best source for breaking news and the inside scoop on new market opportunities, industry execs on the move, market analysis and other news you need to run your business. In minutes, you can subscribe to our premium content online.
"Grainger divests South Korean partnership" is part of our Premium Access Content subscription. You need to subscribe to gain access to Premium Access Content.