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Global Industrial Co.(GIC-N)

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Global Industrial Announces Opening of Distribution Center in Toronto, Canada

ACCESSWIRE - Wed Nov 2, 2022

Strengthens North American Distribution Network

PORT WASHINGTON, NY / ACCESSWIRE / November 2, 2022 /Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the opening of its new distribution center in Toronto, Canada, which has commenced full operations, including outbound shipments to customers. The state-of-the-art distribution center, which replaces a smaller facility in the Toronto area, is designed to allow Global Industrial to increase service levels to customers in Canada and significantly shorten delivery times. With the new facility, Global Industrial expands its distribution center footprint and inventory capacity in Canada by more than three times, increases fulfillment autonomy in the region and provides additional capacity to support future growth.

Barry Litwin, Chief Executive Officer, said, "We have seen tremendous growth in Canada and the additional capacity this distribution center provides will allow us to support our Canadian customers in a more direct and efficient manner. We believe our larger presence in Canada will enhance overall customer satisfaction and support long-term growth in the market."

Global Industrial has an integrated North American footprint of seven distribution centers serving customers across the U.S. and Canada. The Company's distribution centers encompass approximately 3 million square feet of warehouse space and are located in Buford, GA, Robbinsville, NJ, Las Vegas, NV, DeSoto, TX, Pleasant Prairie, WI, and in Calgary and Toronto, Canada. The Toronto distribution center is more than 300,000 square feet and LEED Certified.

About Global IndustrialCompany

Global Industrial Company (NYSE:IC), through its operating subsidiaries, is a value-added distributor. For more than 70 years, Global Industrial has gone the extra mile for its customers and offers more than a million industrial and MRO products, including its own Global Industrial exclusive brands. With extensive product knowledge and a solutions-based approach, Global Industrial helps customers solve problems and be more successful. At Global Industrial, "We can supply that®".

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Additional written or oral forward-looking statements may be made by Global Industrial Company, from time to time in filings with the Securities and Exchange Commission or otherwise. Any such statements that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's estimates, assumptions and projections. These statements are made as of the date hereof, and are not guarantees of future performance. The Company assumes no obligation to update any of the foregoing or any other forward-looking statements as a result of new information or new or future developments, except as otherwise required by law.

Investor/Media Contact:

Mike Smargiassi/ Ryan Golden
The Plunkett Group

SOURCE: Global Industrial Company

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Provided Content: Content provided by ACCESSWIRE. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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