Universal Studios, Wyman-Gordon, Emerson Electric, and Cryovac Reach
Agreements With Grainger Integrated Supply
CHICAGO, May 19 /PRNewswire/ -- Universal Studios, Wyman-Gordon Company,
Emerson Electric Company's Appliance Motors division, and Cryovac, a division
of Sealed Air Corporation, are the latest examples of companies that recognize
value in outsourcing indirect MRO materials management. All have recently
signed agreements with Grainger Integrated Supply, a division of W.W.
Grainger, Inc. (NYSE: GWW), North America's leading business-to-business
provider of maintenance, repair, and operating (MRO) supplies, services, and
information.
Under agreements with each company, Grainger Integrated Supply will assume
responsibility for on-site management of indirect MRO materials expenditures
for the four companies totaling more than $112 million over the life of the
contracts.
"More large companies are recognizing that Integrated Supply partnerships
with a management services provider can generate significant cost savings and
enable them to reallocate resources to their core business operations," says
Pete Torrenti, president, Grainger Integrated Supply. "Our core business is
establishing and maintaining efficient and cost effective indirect MRO
materials management practices for our customers."
Grainger Integrated Supply will establish on-site indirect MRO materials
management strategies for operations specified in each of the agreements.
Each company will receive consolidated delivery of products from multiple
suppliers, receive a single invoice from Grainger Integrated Supply, and make
a single payment -- all of which will help to reduce total indirect MRO
materials costs.
Universal Studios (http://www.universalstudios.com) is a unit of The Seagram
Company Ltd., a global beverage and entertainment company. Under a three-year
contract, Grainger Integrated Supply will manage all indirect MRO materials
supply chain activities for Universal Studio's Escape resort in Orlando, Fla.
The resort is currently under construction and is scheduled to open in Summer
1999. Throughout the duration of the contract, Universal Studios will have
24-hour access to Grainger Integrated Supply, seven days a week.
Wyman-Gordon Company, headquartered in North Grafton, Mass., is a leading
manufacturer of technologically-advanced forgings, investment castings and
composite structures for the commercial transportation, commercial power and
defense industries. Grainger Integrated Supply will manage the indirect MRO
materials function at Wyman-Gordon's forgings division manufacturing plant in
Houston, Texas.
"We believe Grainger Integrated Supply's emphasis on inventory and
logistics management, process improvement, and consolidated supply will help
us achieve our total cost reduction goals," says Richard Moran, purchasing
manager for Wyman-Gordon.
Emerson Appliance Motors is a division of St. Louis, Missouri-based
Emerson Electric, a global manufacturer of electronic, electrical and related
products and systems for commercial, industrial and consumer markets.
Grainger Integrated Supply will provide specified indirect MRO materials
services at Emerson Appliance Motors' operations in Oxford, Miss.
Cryovac, a division of Sealed Air Corporation, is a leading global
manufacturer of a wide range of protective packaging materials and systems.
Grainger Integrated Supply will manage the indirect MRO materials function at
Cryovac's operation in Iowa Park, Texas, 10 miles west of Wichita Falls.
W.W. Grainger, Inc. (GWW), with 1998 sales of $4.3 billion, is the
leading North American provider of maintenance, repair, and operating (MRO)
supplies, services, and related information to businesses and institutions.
GWW shares are traded on the New York and Chicago stock exchanges. For more
information, visit Grainger at http://www.grainger.com.
SOURCE W.W. Grainger, Inc.
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http://www.prnewswire.com/comp/953850.html or fax,
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CONTACT:
Andrew Lumm, of Porter Novelli for W.W.
Grainger, Inc., 312-856-8816
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