Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
© otnaydur-dreamstime.com Electronics Production | December 15, 2011

Wesco to buy RS Electronics

Wesco International, Inc. announced today that it will acquire RS Electronics headquartered in Livonia, Michigan.
The company said closing is expected to occur in January 2012 but did not reveal further terms of the agreement.

RS Electronics has eight branches located in the Mid-west and Southeast with forecasted 2011 sales of approximately $60 million.

Mr. John J. Engel, Wesco's Chairman and Chief Executive Officer stated, "We are very pleased to announce the acquisition of RS Electronics. Along with our acquisitions of Carlton Bates Company in 2005 and AA Electric in 2008, RS Electronics expands our industrial OEM customer base and electronic-based product offerings. The acquisition is expected to be accretive to earnings by at least $0.04 per diluted share in the first year of operation."

Wesco International is a provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services,
Ad
Ad
Ad
Ad
Load more news
November 14 2018 11:24 am V11.8.1-1