PITTSBURGH — WESCO International, Inc. (NYSE: WCC), a leading provider of electrical and industrial MRO products, construction materials, and advanced integrated supply procurement outsourcing services, today announced that WESCO Distribution, Inc. has completed its previously announced acquisition of TVC Communications, L.L.C. (TVC) for a purchase price of $246.5 million, subject to certain adjustments. TVC is a leading distributor of broadband communications network infrastructure products serving the cable, telecommunications and satellite industries.
Mr. John J. Engel, WESCO's President and Chief Executive Officer, stated, “WESCO's data communication product sales are approximately $1 billion after the acquisition of TVC Communications. We believe the long term growth potential in data communications is very attractive and we are well positioned for continued growth. As previously stated, we anticipate the TVC acquisition will be immediately accretive and estimate an improvement to WESCO's 2011 diluted earnings per share of approximately $0.30 or more.”