Acquisition expands companys presence in Southeastern U.S.
Latest In WESCO International
Acquisition expands companys presence in Massachusetts, New Hampshire and Vermont.
Due to streamlining of management, the position of COO will not be replaced.
Company agreed to acquire Texas-based electrical distributor.
Acquisition will strengthen WESCO's utility portfolio.
Safety has become a key growth focus for the distributor in recent years.
WESCO strengthens safety product presence in Canada with acquisition.
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Acquisitions were the primary driver of the 14.2 percent overall growth during the year.
LaPrairie generates about $30 million in annual revenue.
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Growth was driven by strong results in data communications and utility.
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EECOL Electric Argentina was acquired as part of WESCO’s acquisition of EECOL Electric Corp. in 2012.
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Overall sales were up 13.2 percent for the electrical distributor, thanks to acquisitions.
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With acquisitions, sales were up 12.6% for WESCO.
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