Electrical distributor WESCO International Inc., Pittsburgh, PA, will enter a joint venture with Deutsch Engineered Connecting Devices Inc., where the Hemet, CA-based company would own 60% of WESCO’s LADD operations at a price of $75 million.

Under the agreement, Deutsch has the option to acquire the remaining 40% after Jan. 1, 2010.
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LADD, a part of Carlton Bates, acquired by WESCO in September 2005, distributes specialized severe duty industrial connectors. LADD has been a master distributor of Deutsch connectors in the U.S. for more than 20 years and has annual sales of $100 million.
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WESCO and Deutsch will work together to further penetrate existing customers in the specialized heavy-duty connector market, and to accelerate growth in new market …