Electrocomponents to acquire John Liscombe for £11m.

Electrocomponents, a British-based distributor of industrial and electronics products, agreed to acquire John Liscombe, a supplier of industrial safety and personal protective equipment, for £11m. "The acquisition of Liscombe is aligned to our strategy of selectively adding high-quality, value-creating bolt-on acquisitions to the Group. Liscombe's safety and PPE products are already purchased by a significant number of our existing Electrocomponents' customers. We see significant opportunity for Liscombe, and Needlers, to capitalise on leveraging Electrocomponents' global presence, broad range, private-label expertise, operating efficiencies and omni-channel distribution capabilities. We welcome Liscombe to the Electrocomponents Group," Lindsley Ruth, Electrocomponents CEO.