Giving it a stronger foothold in the original equipment manufacturer (OEM) market, WESCO International Inc., Pittsburgh, has agreed to purchase the Carlton-Bates Co. in an all-cash deal for $250 million. WESCO will have $20 million in escrow for 30 months in case any adjustments need to be made to the purchase price.
Carlton-Bates, Little Rock, Ark., specializes in components such as switches, relays, diodes, relays, contactors, motor starters, fuses and cable. The company also offers
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