Wesco in shopping mood
Wesco International from Pittsburgh/ Pennsylvania, one of the largest electrical and industrial wholesalers in the United States with a turnover...........
of USD 7.5 bn (EUR 6.9 bn) in 2015, announced at the beginning of March its intention to take over the wholesale company Atlanta Electrical Distributors (AED). The deal is expected to be concluded before the end of this month.
AED has 5 branches and its turnover stands at approx. USD 85 m (EUR 78 m).
Up to now AED has belonged to AD (Affiliated Distributors) purchasing and marketing association, which is the largest marketing association in the USA with a turnover of approx. USD 32 bn (EUR 29 bn).