WESCO International, Inc. Completes the Acquisition of LaPrairie, Inc.February 3, 2014
PITTSBURGH, PA -- WESCO International, Inc. announced that WESCO Distribution, Inc., through its wholly-owned Canadian subsidiary, has completed the previously announced acquisition of LaPrairie, Inc., a wholesale distributor of electrical products located in Newmarket, Ontario, that services the transmission, distribution, and substation needs of utilities and utility contractors. This acquisition is expected to be accretive to earnings by approximately $0.03 per diluted share in the first year of operation.
WESCO International, Inc., a publicly traded Fortune 500 holding company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating ("MRO") and original equipment manufacturers ("OEM") product, construction materials, and advanced supply chain management and logistic services. 2013 annual sales were approximately $7.5 billion. The Company employs approximately 9,200 people, maintains relationships with over 18,000 suppliers, and serves over 65,000 active customers worldwide. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers and utilities. WESCO operates nine fully automated distribution centers and approximately 475 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.
For more details, contact Daniel A. Brailer, Vice President, Investor Relations & Corporate Affairs, WESCO International, Inc. (412) 454-2200, Fax: (412) 222-7566, http://www.wesco.com
Web Site: http://www.wescodist.com
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