WESCO Distribution, Inc., Pittsburgh, PA, No. 2 on the list of top electrical distributors and a subsidiary of WESCO International, Inc. (NYSE: WCC), has agreed to acquire RS Electronics, Livonia, MI.
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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 in the Midwest and Southeast with forecasted 2011 sales of $60 million.
\”RS Electronics expands our industrial OEM customer base and electronic-based product offerings,\” WESCO CEO John J. Engel said. \”The acquisition is expected to be accretive to earnings by at least $0.04 per diluted share in the first year of operation.\”