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BOSSERT AND NORTON SETTLE LITIGATION

 CLEVELAND, Nov. 30 ~PRNewswire~ -- The United States District Court for the Northern District of Ohio today approved a settlement agreement in a lawsuit brought by Bossert Industrial Supply, Inc. against Norton Company in June of this year. By the court-approved settlement agreement, Bossert and Norton brought a definitive and mutually satisfactory resolution to the claims which Bossert asserted against Norton in that lawsuit as well as the counterclaims that Norton asserted against Bossert. Pursuant to the settlement, Bossert will return all Norton inventory to Norton and will no longer be an authorized Norton distributor. Bossert has established new distribution agreements with 3M and Cincinnati Milacron, and intends to compete in the marketplace against authorized Norton distributors for customer sales of abrasive products. Norton will utilize new and existing authorized Norton industrial distributors in the Midwest to sell its abrasive products.
 Bossert, a subsidiary of W.W. Grainger, Inc., is headquartered in Niles, Ill. W.W. Grainger, Inc. is a nationwide distributor of equipment, components, and supplies to the commercial, industrial, contractor and institutional markets. Norton, headquartered in Worcester, Mass., is the world's largest manufacturer of industrial abrasive products.
 -0- 11~30~92
 ~CONTACT: W.W. Grainger, Inc., Bossert Industrial Supply Inc., R.D. Pappano, 708-982-9000 or Frank Doherty of Norton Company, 508-795-5773~


CO: Bossert Industrial Supply, Inc.; Norton Company ST: Illinois; Massachusetts; Ohio IN: FIN SU:

LC -- CL011 -- 2103 11~30~92 17:19 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:235
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