WESCO International, Inc. Announces the Acquisition of RECO, LLC
PITTSBURGH, March 15, 2011 - WESCO International, Inc. (NYSE: WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, today announced that it has acquired the business of RECO, LLC, headquartered in Cincinnati, Ohio. RECO, with annual sales of approximately $25 million, is a Siemens automation, controls and electrical distributor, with six branches located in the midwest and southeastern regions of the United States.
Stephen A. Van Oss, Senior Vice President and Chief Operating Officer stated, "The addition of RECO expands and enhances WESCO's industrial automation and control product and service offerings. RECO is one of the top Siemens distributors in the US and we are pleased to have them become part of the WESCO team. The acquisition is expected to be immediately accretive to earnings."
Mr. Bruce Blum, RECO's President commented, "Becoming part of WESCO will provide growth opportunities for our employees and access to additional products, services and capabilities to enhance our already strong customer and supplier relationships."
WESCO International, Inc. (NYSE: WCC), a publicly traded Fortune 500 company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating ("MRO") and original equipment manufacturers ("OEM") products, construction materials, and advanced supply chain management and logistics services. 2010 annual sales were approximately $5.1 billion. The Company employs approximately 6,800 people, maintains relationships with over 17,000 suppliers, and serves over 100,000 customers worldwide. Customers include industrial and commercial businesses, contractors, governmental agencies, institutions, telecommunications providers and utilities. WESCO operates seven fully automated distribution centers and over 400 full-service branches in North America and international markets, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations.
SOURCE WESCO International, Inc.
CONTACT: Richard Heyse, Vice President & Chief Financial Officer, WESCO International, Inc., +1-412-454-2392, or Fax: +1-412-222-7566
Web Site: www.wesco.com
