WESCO acquires RS Electronics
WESCO International Inc. announced that a subsidiary of WESCO Distribution Inc. has entered into a definitive agreement to acquire RS Electronics headquartered in Livonia, Mich.
Closing is expected to occur in January 2012. RS Electronics is a North American distributor of electronic and electrical products serving primarily the industrial, medical equipment, automotive and contract manufacturing end markets. RS Electronics has eight branches located in the Midwest and Southeast with forecasted 2011 sales of approximately $60 million.
"We are very pleased to announce the acquisition of RS Electronics. Along with our acquisitions of Carlton Bates Company in 2005 and AA Electric in 2008, RS Electronics expands our industrial OEM customer base and electronic-based product offerings," said ohn J. Engel, WESCO chairman and chief executive officer.
"WESCO is an outstanding organization and we are very pleased to be joining their team. Our combination with WESCO provides growth opportunities for our employees and additional resources and programs for our customers," added Howard Taxe, RS Electronics president.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
