The 2020 Mid-Year Economic Update_long

WESCO Enters Joint Venture with Deutsch ECD

Electrical distributor WESCO International Inc., Pittsburgh, PA, will enter a joint venture with Deutsch Engineered Connecting Devices Inc., where the Hemet, CA-based company would own 60% of WESCO's LADD operations at a price of $75 million.

Under the agreement, Deutsch has the option to acquire the remaining 40% after Jan. 1, 2010.
&nbsp ;
LADD, a part of Carlton Bates, acquired by WESCO in September 2005, distributes specialized severe duty industrial connectors. LADD has been a master distributor of Deutsch connectors in the U.S. for more than 20 years and has annual sales of $100 million.
&nbsp ;
WESCO and Deutsch will work together to further penetrate existing customers in the specialized heavy-duty connector market, and to accelerate growth in new market ...

Electrical distributor WESCO International Inc., Pittsburgh, PA, will enter a joint venture with Deutsch Engineered Connecting Devices Inc., where the Hemet, CA-based company would own 60% of WESCO’s LADD operations at a price of $75 million.

Under the agreement, Deutsch has the option to acquire the remaining 40% after Jan. 1, 2010.
&nbsp ;
LADD, a part of Carlton Bates, acquired by WESCO in September 2005, distributes specialized severe duty industrial connectors. LADD has been a master distributor of Deutsch connectors in the U.S. for more than 20 years and has annual sales of $100 million.
&nbsp ;
WESCO and Deutsch will work together to further penetrate existing customers in the specialized heavy-duty connector market, and to accelerate growth in new market segments and new products.
&nbsp ;
WESCO’s primary operating entity is WESCO Distribution, Inc. WESCO Distribution is a distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies, and is a provider of integrated supply services. 2006 annual sales were $5.3 billion.
&nbsp ;
WESCO operates seven fully automated distribution centers and 400 full-service branches in North America and selected international markets.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com