Grainger Receives 'Follow-On' Multiple Award Schedule from the General Services Administration
CHICAGO, Oct. 27, 2017 - Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced that it was awarded a follow-on Schedule 51V contract by the General Services Administration (GSA), which will enable Grainger to continue doing business with Federal government customers.
The new contract will go into effect on Nov. 10, 2017, with an initial five-year term and can be renewed for three additional five-year terms upon mutual agreement. Grainger first entered its current Schedule 51V contract in 1999 and has realized more than $2 billion in sales under the contract. The new contract will run parallel to Grainger's current Schedule 51V contract, which expires in February 2019. These government contracts do not contain any minimum purchase requirements or volume guarantees.
The new Schedule 51V contract will enable Grainger to continue to serve the many Federal government customers who have relied on Grainger for its robust logistics capabilities, broad product offering and comprehensive customer service. Grainger offers Federal customers a one-stop shopping solution with approximately 800,000 Trade Agreements Act (TAA)-compliant products, such as safety supplies, material handling, tools, electrical, lighting, plumbing and HVAC supplies through its GSA Schedule, as well as AbilityOne® products to help support the National Industries for the Blind and the National Industries for the Severely Handicapped. Grainger also supports GSA Four-Party Logistics military base supply stores throughout the United States, Guam and Japan.
About Grainger
W.W. Grainger, Inc., with 2016 sales of $10.1 billion, is North America's leading broad line supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America.
Visit www.grainger.com/investor to view information about the company.
