I sure would like to know what street this rumor is on as I am in this business and I have not heard this even mentioned. Our industry is quickly changing and KMT (JLK) is beautifully positioned to take large chunks of market share although WW Grainger is making a new push into this market with a new entry called Machine Shop Supply. Grainger's previous attempts i.e. Bossert and GIS have failed miserably. Machine Shop Supply on the other hand will work because they are starting from the bottom up out of Lab Safety's facilities in Janesville, WI. If you like the distribution business look at GWW it has gone up pretty well in the last few weeks.
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