Loyens & Loeff advised Fabory group on its disposal to W.W. Grainger Inc from Lloyds Banking Group Plc for a consideration of EUR 241m.
Fabory is headquartered in Tilburg, the Netherlands, and is the fastener market leader in the Netherlands and Belgium. With 2010 sales of approximately USD 300m (EUR 211m), Fabory offers its 120,000 customers access to more than 80,000 products in 14 countries. Grainger intends for Fabory to continue as a separate business maintaining the Fabory name and brand.
The Loyens & Loeff team was led by Herman Kaemingk.