PITTSBURGH, May 21, 2014 /PRNewswire/ — WESCO International, Inc. (WCC +0.97%), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, announced today that WESCO Distribution, Inc. has entered into a definitive agreement to acquire Hi-Line Utility Supply Company. Closing is expected to occur in the coming months, subject to customary closing conditions.
With two branches in Elgin, Ill., and Millbury, Mass., Hi-Line Utility generates approximately $30 million in annual revenue. Hi-Line Utility is a provider of utility MRO and safety products, as well as rubber goods testing and certification services.
Mr. John J. Engel, WESCO’s Chairman, President, and Chief Executive Officer, said, “Hi-Line has an excellent reputation in the marketplace. The addition of Hi-Line augments WESCO’s utility product and service offerings and strengthens our portfolio within utility and industrial end markets. This acquisition is expected to be accretive to earnings by approximately $0.03 per diluted share in the first year of operation.”Tagged with tED