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WESCO International, Inc. (NYSE: WCC), Pittsburgh, PA, provider of electrical MRO products and construction materials, announced that WESCO Distribution, Inc., through its wholly owned Canadian subsidiary, has agreed to acquire Hazmasters, Inc.
Hazmasters, Inc., Ontario, Canada, is an independent distributor of safety products servicing customers in the industrial, construction, commercial, institution and government markets, with annualized revenues of approximately $80 million from 14 branches across Canada. The addition of Hazmasters further expands WESCO's presence in Canada and strengthens the company's portfolio of MRO products and services.
"This is WESCO's second safety-related acquisition in the last two years," said John J. Engel, WESCO's president and CEO. "This acquisition is expected to be accretive to earnings by approximately $0.05 per diluted share in the first year of operation."