Grainger is exiting the UK market.

The distribution giant has agreed to sell its UK-based Cromwell business to private equity firm AURELIUS. The deal is expected to close in the coming months.

In September, Grainger also announced the proposed closure of its Zoro U.K. business, subject to the outcome of required legal, regulatory and employment consultation processes in the United Kingdom.

“Over the past decade we've made a concerted effort to focus our portfolio on the geographies where we can deliver the greatest long-term impact. With this, we've altered our assumptions about our future potential in this region,” stated CEO D.G. Macpherson.

“We remain committed to creating value for our customers and driving profitable growth through our High-Touch Solutions model in North America and our Endless Assortment businesses in the United States and Japan.”

Grainger will record a one-time loss in the range of $190 million to $205 million.