Maintenance and industrial supplier sold as US owner exits UK market
Grainger has agreed to sell its UK Cromwell business to global private equity firm Aurelius, as the US-based maintenance, repair, and operations (MRO) supplier focuses on its North American and Japanese markets.
Leicester-headquartered Cromwell, founded in 1970, has grown from a local tool distributor into one of the UK’s largest independent MRO suppliers, with annual sales exceeding £230m. Grainger acquired the business in 2015 for £310m when it employed around 2,150 staff.
D.G. Macpherson, Grainger’s chairman and CEO, sa... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
