Canadian Electrical Wholesaler

Intec

January 16, 2018

E.B. Horsman & Son, Western Canada’s largest independently owned full-line electrical distributor, and Intec Controls Inc. have agreed to a transaction in which E.B. Horsman & Son will acquire Intec Controls.

This agreement will combine Intec Controls’ process instrumentation, automation and controls product expertise with E.B. Horsman’s full line electrical distribution business and specialty divisions, broadening the portfolio of products Intec will offer at its Saskatoon location.

For generations E.B. Horsman & Son has been planning to return to its 100 year-old roots and resume serving the various resource industries and communities of Saskatchewan, the company says. Intec Controls’ understanding of the market in the region, product expertise, and exceptional customer service presented the perfect opportunity for E.B. Horsman & Son to return to the province.

“Strategically this is a great fit, not only from a product standpoint, but more importantly from a cultural and people perspective” says Intec Controls President Mike Swejda. “For almost 25 years, Intec Controls has created customer partnerships in key product segments that E.B. Horsman & Son has established divisions in. We share key supply partners and we look forward to introducing their Affiliated Distributors’ supplier partners as well as Automation and Control focused suppliers to Saskatchewan.”

In the coming months, the Intec team will work with the E.B. Horsman & Son’s leadership team on transitioning the Saskatoon location into a full line electrical wholesale location. Intec customers will now be offered more products that complement Intec’s existing portfolio as well as additional product lines that we will slowly introduce through our new location, says Tyson Carvell, Vice President Marketing E.B. Horsman & Son. “Not only is their product portfolio a fit for us, but we also share a common culture; we respect their application knowledge and their deep roots in the region.”

Q4 GDPGrowth in real gross domestic product (GDP) slowed to 0.1% in the fourth quarter, owing to a decrease in business investment and weak international trade. These declines were offset by increased household spending. Final domestic demand edged up 0.2%, after rising 0.8% in the third quarter.

The annual growth rate of Canada's real GDP was 1.6% for 2019, a deceleration from the 2.0% growth in 2018. By comparison, real GDP in the United States increased 2.3%.

 

 

 

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