logo
Share SHARE
FONT-SIZE Plus   Neg

WESCO Intl. Completes Acquisition Of Canada-based EECOL Electric

WESCO International, Inc. (WCC) said Friday that, through a wholly owned subsidiary, it has completed the acquisition of EECOL Electric Corp., headquartered in Calgary, Alberta, Canada.

In October, WESCO International agreed to buy EECOL Electric for about C$1.14 billion.

The acquisition is expected to be accretive to earnings by about $1.00 per share in 2013.

EECOL Electric is one of Canada's premier full-line distributors of electrical equipment, products, and services with about $0.9 billion in annual sales, 57 locations across Canada and 20 in South America, and more than 20,000 customers. It has a strong warehouse-based business focused on serving industrial, oil, gas, mining, utility, and commercial and residential construction customers.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. food maker Kraft Heinz Co., which had offered $143 billion in cash and stock to buy Anglo-Dutch consumer goods company Unilever, Sunday said it has amicably agreed to withdraw its proposal for a combination of the two companies. Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle".
comments powered by Disqus
Follow RTT