CHICAGO--May 15, 2000 –OrderZone.com by Grainger,–Grainger’s OrderZone.com, a leading B2B multi-supplier Internet marketplace, today announced a major expansion of its supplier base with the addition of Fastenal Company and Motion Industries. The addition of these new distributors expands the coverage of OrderZone.com’s product offerings to include threaded fasteners, fastener accessories, bearings and power transmission products. Already one of the largest and most comprehensive B2B one-stop shopping marketplaces, OrderZone.com’s searchable, online database now offers more than 420,000 brand name products needed by small and mid-sized businesses (SMBs).
Daniel Hamburger, president of OrderZone.com said, “We identify prospective partners based on their ability to offer best-of-breed products and service to our customers. Adding Fastenal and Motion Industries showcases our commitment to being the single source for the non-production materials SMBs need.”
The advantage OrderZone.com provides SMBs is significant, noted Hamburger, “It allows our customers to simplify their purchasing process across multiple suppliers, driving costs out of the procurement process.”
Fastenal Company Chief Operating Officer Will Oberton said, “Fastenal has demonstrated a strong commitment to strengthening our presence in small business markets, and partnering with OrderZone.com and its quality suppliers is another important move in that process. This agreement allows us to further establish our online presence while maintaining our ability to give customers the strong level of service they’ve grown to expect from Fastenal.”
Bill Stevens, president and CEO of Motion Industries, explained, “Motion Industries is committed to providing superior value to our customers via electronic business solutions. By partnering with OrderZone.com, we’ve given our customers yet another means of improving service, reducing cycle time, and increasing process efficiencies.”
OrderZone.com is currently ranked as the #3 B2B website by Advertising Age’s Business Marketing and offers SMBs the convenience of one-stop shopping, bringing multiple suppliers of non-production materials together in a single site. OrderZone.com further reduces procurement costs by offering one invoice from all of its suppliers. With a single search, customers can access products from Lab Safety Supply, Grainger Industrial Supply, Corporate Express, Cintas, VWR Scientific Products, Avnet Electronics, Fastenal and Motion Industries. For more information, visit www.orderzone.com.
Founded in 1967, Fastenal Company (NASDAQ: FAST) is a worldwide leader in the distribution of industrial and construction supplies. More information can be obtained by visiting the company's website at www.fastenal.com. Motion Industries, Inc., with 1999 sales in excess of $2 billion, is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). More information can be obtained by visiting www.motion-industries.com.
W.W. Grainger, Inc. (GWW), with 1999 sales of $4.5 billion, is the leading North American provider of MRO supplies and related information to businesses and institutions. Grainger shares are traded on the New York and Chicago stock exchanges. For more information, visit Grainger online at www.grainger.com.