AURELIUS to acquire Cromwell business from Grainger.

AURELIUS, a global private equity investor, distinguished and widely recognized for its operational approach, agreed to acquire Cromwell business from Grainger, a broad line supplier of maintenance, repair and operating products. Financial terms were not disclosed. "Over the past decade we've made a concerted effort to focus our portfolio on the geographies where we can deliver the greatest long-term impact. With this, we've altered our assumptions about our future potential in this region. We remain committed to creating value for our customers and driving profitable growth through our High-Touch Solutions model in North America and our Endless Assortment businesses in the United States and Japan," D.G. Macpherson, Grainger Chairman and CEO.