The Company is in the service business. It distributes products used by businesses and institutions across North America to keep their facilities and equipment running.
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The big Grainger machine keeps expanding both globally (China & Mexico) as well as domestically by adding locations and upgrading existing ones. Broad product offering to a broad range of customers such as contractors, local governments and other businesses. Strong dividend grower to boot, may take a while to get back to the $100 range but should get there sooner than later.