W.W. Grainger Inc. entered into a definitive agreement to sell its distribution business in China to a buyer owned by the Grainger China management team and Sinovation Ventures.

The company said the divestiture of Grainger China LLC will allow it to focus on its key businesses and geographies.

Grainger plans to retain its China-based global sourcing operations, which provide the company with private-label products.

Grainger said the deal is subject to standard regulatory approvals, but not any financing condition. The transaction is expected to close later this year.

Financial terms of the agreement were not disclosed.