WESCO International, Inc. (NYSE: WCC), Pittsburgh, PA, No. 2 on MDM's list of top electrical distributors, announced the sale of its EECOL Electric Argentina operations to the current management team of that business. The sale closed on Sept. 30, 2013.
The business was acquired as part of WESCO's acquisition of EECOL Electric Corporation in December 2012. EECOL Electric Argentina has 35 employees and annual sales of US$7 million.
WESCO expects to record a pre-tax charge of approximately $2.5 million in the third quarter related to the sale.