Actuant's Enerpac Division Recognized as Outstanding Supplier by Grainger
Enerpac was presented with Grainger's prestigious Partners in Performance Award for 2006 at Grainger's annual supplier conference held March 14, 2007 in Rosemont, Ill. Grainger, a leading broad line supplier of facilities maintenance products serving businesses and institutions throughout North America, presents the award annually to a select group of suppliers for outstanding performance throughout the year. This is the second consecutive year Enerpac has won this award.
Grainger's Partners in Performance Award recognizes suppliers who achieve excellence in several categories, including responsiveness, information integrity, cost control, on time shipping, management commitment and order fulfillment. Grainger suppliers receive ratings throughout the year for their performance in each of these categories. Approximately 2 percent of Grainger's 1,200 suppliers receive this award each year.
Commenting on the award, George Bowman, President of Enerpac stated, "We've used our LEAD process (Lean Enterprise Across Disciplines) to improve our order to shipment process, and this award is a good example of measured results from this initiative. To receive this recognition two consecutive years from a high profile customer like Grainger is a tremendous achievement for Enerpac."
"Grainger is proud to present Enerpac with the 2006 Partners in Performance Award," said Bob Cocks, Grainger's Vice President of Merchandising. "Grainger is entirely focused on serving its customers by helping them save time and money procuring supplies to maintain their facilities. We can achieve these goals only with supplier partners who share this same intensity. Enerpac is one of those partners and we are proud to honor Enerpac's commitment to the highest standards of performance. We look forward to working together to enhance the service we provide customers and drive profitable growth for both companies."
Actuant, headquartered in Butler, Wisconsin, is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Since its creation through a spin-off in 2000, Actuant has grown its sales from $482 million to over $1.3 billion and its market capitalization from $113 million to over $1.3 billion. The Company employs a workforce of more than 6,700 worldwide. Actuant Corporation trades on the NYSE under the symbol ATU. For further information on Actuant and its business units, visit the Company's website at www.actuant.com.
W.W. Grainger, Inc. (NYSE: GWW), with 2006 sales of $5.9 billion, is a leading broad line supplier of facilities maintenance products serving businesses and institutions in Canada, China, Mexico and the United States. Through a highly integrated network including nearly 600 branches, 18 distribution centers and multiple Web sites, Grainger's employees help customers get the job done, saving them time and money by having the right products to keep their facilities running. Grainger is the national founding sponsor of the American Red Cross Ready When the Time Comes(TM) corporate volunteer training program.
Released April 2, 2007