Portal Industrial Cartagena Colombia - Forum - Contacts

Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Grainger forms joint venture in Colombia


Guru

Status: Offline
Posts: 12637
Date:
Grainger forms joint venture in Colombia
Permalink   
 


Grainger forms joint venture in Colombia

Grainger has formed a joint venture with a Colombian MRO and fastener distributor to establish Grainger Colombia.

Grainger owns an 80 percent majority position in the joint venture, and Torhefe S.A., THF International SAS maintains 20 percent. The joint venture has acquired substantially all of the assets of Torhefe and will be known as Grainger Colombia. Terms of the deal were not disclosed.

"Grainger Colombia brings together Torhefe's rich history of customer service in Colombia, and Grainger's unmatched North American supply chain and commitment to service," said Court Carruthers, president, Grainger International. "Grainger continues to make strategic investments in Latin America that enable businesses to have access to a broad line of products and solutions that help keep their operations running efficiently and keep their employees safe on the job."

Torhefe, with 2009 sales of $23 million, is a distributor of maintenance, repair and operating (MRO) supplies in Colombia, with an emphasis on fasteners. The company has five locations in Colombia, including Barranquilla, Bogota, Cali, Cartagena and Medellin. The joint venture plans to operate under the Torhefe brand name in its existing locations, transitioning to the Grainger name over the next year.

"We share a common passion for providing superior service to our customers," said Carlos Acevedo, president, Torhefe. "We expect a seamless transition for our employees and customers and know they will appreciate and benefit from the expanded product offering and availability that comes from joining forces with North America's leading broad-line industrial distributor."

source



__________________


Member

Status: Offline
Posts: 9
Date:
Permalink   
 

Grainier is a well reputed company. I am very happy that Grainier has developed a joint venture with the Colombian MRO that is Therefore. I am very excited to see essay-reviewer.com/edubirdie-com-review/">edubirdie reviews for the all level of students to complete their work. I think such kind of decisions are very necessary for the increase of business income and to expand the business.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.



Create your own FREE Forum
Report Abuse
Powered by ActiveBoard