CHICAGO, Feb. 19 /PRNewswire-FirstCall/ -- Grainger, the leading broad
line supplier of facilities maintenance products in North America, was named
the "most admired" company in 2002 among diversified wholesalers, as reported
in Fortune magazine's annual listing of America's Most Admired Companies. The
complete listing will appear in Fortune's Mar. 3 issue.
Rankings were compiled by the Hay Group, which surveyed 10,000 executives,
directors and securities analysts from the ten largest companies by revenues
in 66 industries. This panel rated companies in their own industries based on
their performance in eight categories, including: innovation, financial
soundness, employee talent, use of corporate assets, long-term investment
value, social responsibility, quality of management, and quality of products
and services.
This is the second consecutive year in which Grainger has been recognized.
Grainger improved its position in 2002, ranking first among diversified
wholesalers, versus being ranked fourth in 2001.
"We're honored to be selected as the 'most admired' company in our
industry and we are committed to living up to that title," said Grainger
Chairman and Chief Executive Officer Richard L. Keyser. "We look forward to a
solid year in 2003 as Grainger continues to focus on enhancing its service to
customers and increasing shareholder value."
About Grainger
W.W. Grainger, Inc. (NYSE: GWW), is the leading broad line supplier of
facilities maintenance products in North America. Grainger serves customers
through a network of nearly 600 branches, 16 distribution centers, and four
websites. Sales for 2002 were $4.6 billion. For more information, visit
Grainger online at http://www.grainger.com .
SOURCE W.W. Grainger, Inc.
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Related links:
http://www.Grainger.com
Company News On-Call:
http://www.prnewswire.com/comp/953850.html
CONTACT:
Michael E. McGrew of Grainger,
+1-847-535-4196, mcgrew.m@grainger.com
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