Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - WESCO INTERNATIONAL INC | wcc-conneyacquisition.htm |
| EX-99.2 - PRESS RELEASE - WESCO INTERNATIONAL INC | wcc-pressrelease.htm |
1 WESCO Confidential—Do not copy or distribute without express permission from WESCO Distribution, Inc. DRIVING GROWTH > CREATING VALUE Conney Safety Products, LLC •WESCO International, Inc. Announces the Acquisition of Conney Safety Products • Conney is a premier distributor of MRO safety products • Approximately $85 million in annualized sales • Headquartered in Madison, Wisconsin, with additional locations in Madison and Danville, Illinois • Expected to be at least $0.10 accretive per diluted share in the first year of operation • Closing is expected to occur in July 2012 Reference: June 18, 2012 WESCO Press Release
2 WESCO Confidential—Do not copy or distribute without express permission from WESCO Distribution, Inc. DRIVING GROWTH > CREATING VALUE WESCO Acquisition Scorecard Acquisition Priorities Acquisition Summary Consistent with WESCO strategy Strengthens WESCO’s safety products and services portfolio. Conney is a premier distributor of MRO safety products. Rate of return greater than WESCO risk-adjusted average cost of capital Conney acquisition rate of return is above WESCO risk-adjusted average cost of capital. Accretive in first year of operation This acquisition is expected to be accretive by at least $0.10 per diluted share in the first year of operation. Margins higher than WESCO Conney’s gross and operating margins are higher than WESCO. Conney Safety Products, LLC Acquisition announced on June 18, 2012 Closing is expected to occur in July 2012