WESCO To Buy Carlton-Bates In All-Cash Deal To Strengthen Grip On OEM Market

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.

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