Home » The Hite Company Purchases Six Hagemeyer Locations
The Hite Company Purchases Six Hagemeyer Locations
December 21, 2005
The Hite Company, Altoona, PA, will buy six Hagemeyer North America electrical distribution sites in Pennsylvania and West Virginia. The acquisition is expected to close in late January.
The purchase covers Hagemeyer locations in Pittsburgh, Cranberry Township, Castle Shannon, Canonsburg, and Washington, PA; and Morgantown, WV. As national distributor of industrial, electrical, safety, and integrated supply products and service solutions, Hagemeyer will continue to service national contract customers and industrial product customers in Pennsylvania.
We are excited to be expanding our service coverage in the Pittsburgh market," says CEO Lee Hite of The Hite Company. "Since making a commitment to this market with the opening of our Etna, PA, location in January of this year, we have been exploring several options for additional locations. This acquisition fits right into our plans."
Hagemeyer North America Inc., Charleston, SC, is a distributor of products and services focused on business-to-business markets in electrical materials, safety products, and industrial products and services throughout North America. It has annual revenues of $1.5 billion and employees 4,200. It is a wholly owned subsidiary of Hagemeyer N.V., headquartered in the Netherlands.
Founded in 1949, The Hite Company is a family-owned full-line electrical distributor serving the electrical needs of residential, commercial, industrial, and institutional customers. The Hite Company has 13 locations throughout Pennsylvania and one in New York. In addition to electrical supplies, product lines supplied by Hite include lighting for commercial, industrial, and residential facilities, automation equipment, datacom products, electronics, audio/video equipment and power quality products.