WESCO International, Inc. Announces the Acquisition of Canadian-basedTrydor Industries
Pittsburg, PA - WESCO International, Inc. (NYSE: WCC), 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., through its wholly-owned Canadian subsidiary, has entered into a definitive agreement to acquire Trydor Industries (Canada), Ltd., headquartered in Surrey, British Columbia. Closing is expected to occur in July 2012.
With sales of approximately $35 million and offices in Surrey, Calgary and Edmonton, Trydor Industries (Canada), Ltd. is a full-line distributor of high-voltage electrical products and services addressing the transmission, substation and distribution network needs for utilities, independent power producers and utility contractors in Canada.
Mr. John J. Engel, WESCO's Chairman and Chief Executive Officer stated: "Combining the expertise and customer base of Trydor Industries and Brews Supply, which we acquired in October 2011, gives us a strong platform to grow our utility business in Canada. This acquisition is expected to be accretive to earnings by at least $0.05 per diluted share in the first year of operation."