Wesco Aircraft to Buy Canadian Fastener

Aircraft equipment supplier Wesco Aircraft Holdings Inc.says it will buy Canadian fasteners distributor Interfast Inc. for $130.32M in cash.

Wesco says the acquisition will not have a material impact on adjusted earnings in 2012 but will add to earnings from fiscal 2013.

Toronto-based Interfast supplies specialty fasteners and other components for the aerospace, electronics and industrial markets.

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Wesco expects to close the deal toward the end of its third quarter or beginning of the fourth quarter.

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