WESCO International, Inc. Acquires Hazmasters, Inc.

Wesco

WESCO Distribution, Inc., through its wholly owned Canadian subsidiary, has entered into an agreement to acquire Hazmasters, Inc. Closing is expected to occur this month.

Headquartered in Ontario, Hazmasters generates $80 million in annual revenue from 14 branches across Canada.  Hazmasters is a leading independent Canadian distributor of safety products servicing customers in the industrial, construction, commercial, institution, and government markets. The addition of Hazmasters further expands WESCO’s presence in Canada and strengthens the company’s portfolio of MRO products and services.

“Hazmasters has an excellent reputation for providing a comprehensive offering of safety products and superior customer service to a wide range of customers across Canada,” says John J. Engel, WESCO’s Chairman, President and Chief Executive Officer. “This is WESCO’s second safety-related acquisition in the last two years. This acquisition is expected to be accretive to earnings by approximately $0.05 per diluted share in the first year of operation.” Find out more http://www.wesco.com.

 

Related Articles


Changing Scene

  • BC Hydro Making it Easier and More Affordable to Connect New Homes

    BC Hydro Making it Easier and More Affordable to Connect New Homes

    BC Hydro is supporting the construction of new housing developments in growing communities by advancing changes to streamline upgrades and reducing the cost of new customer connections to BC Hydro’s electricity grid. “As communities across B.C. grow, so does the need for essential housing. We are committed to ensuring we’re ready to meet this growing… Read More…

  • OmniCable Appoints Wade Buick as Senior Vice President– Distribution and Operations

    OmniCable Appoints Wade Buick as Senior Vice President– Distribution and Operations

    Omni Cable LLC has recently announced the appointment of Wade Buick as Senior Vice President – Distribution and Operations. Wade brings more than 20 years of executive leadership experience in supply chain, operations, and people development. Most recently, he served as the Vice President of Operations and Strategy at Eastern Engineered Wood Products, Inc. He… Read More…


Peers & Profiles