/ -- WESCO International, Inc. (NYSE: WCC), a leading
provider of electrical, industrial, and communications MRO
and OEM products, construction materials, and advanced
supply chain management and logistics services, announced
today that a subsidiary of WESCO Distribution, Inc. has
entered into a definitive agreement to acquire RS
Electronics headquartered in Livonia, Michigan.
Closing is expected to occur in January 2012. RS
Electronics is a leading North American distributor of
electronic and electrical products serving primarily the
industrial, medical equipment, automotive and contract
manufacturing end markets. 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."
Mr. Howard Taxe, RS Electronics' President commented,
"WESCO is an outstanding organization and we are very
pleased to be joining their team. Our combination
with WESCO provides growth opportunities for our employees
and additional resources and programs for our
customers."
WESCO International, Inc. (NYSE: WCC), a publicly traded
Fortune 500 company headquartered in Pittsburgh,
Pennsylvania, is a leading provider of electrical,
industrial, and communications maintenance, repair and
operating ("MRO") and original equipment
manufacturers ("OEM") products, construction
materials, and advanced supply chain management and
logistics services. 2010 annual sales were approximately
$5.1 billion. The Company employs approximately 7,000
people, maintains relationships with over 17,000 suppliers,
and serves over 100,000 customers worldwide. Customers
include industrial and commercial businesses, contractors,
governmental agencies, institutions, telecommunications
providers and utilities. WESCO operates seven fully
automated distribution centers and approximately 400
full-service branches in North America and international
markets, providing a local presence for customers and a
global network to serve multi-location businesses and
multi-national corporations.
The matters discussed herein may contain forward-looking
statements that are subject to certain risks and
uncertainties that could cause actual results to differ
materially from expectations. Certain of these risks
are set forth in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2010, as well
as the Company's other reports filed with the
Securities and Exchange Commission.
SOURCE WESCO International, Inc.
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WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its business through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.