WESCO International Inc. (NYSE: WCC), Pittsburgh, PA, has announced that WESCO Distribution Inc., through its wholly-owned Canadian subsidiary, has agreed to acquire LaPrairie Inc. Closing is expected in January 2014.
LaPrairie generates about $30 million in annual revenue from a single location in Newmarket, Ontario. It is a wholesale distributor of electrical products servicing the transmission, distribution and substation needs for utilities and utility contractors across Ontario, Quebec and Atlantic Canada. The addition of LaPrairie further expands WESCO's presence in Canada and strengthens its utility product and services portfolio.
WESCO is a provider of electrical, industrial, communications, MRO and OEM products and construction materials with 2012 sales of $6.6 billion.