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OneSource to buy Orange Coast

OneSource Distributors Inc., San Diego, has signed a letter of intent to acquire the assets of Orange Coast Electric Supply Inc. (OCES), Irvine, Calif. OCES, with revenues projected in excess of $19 million for fiscal year 2001, became part of OneSource Distributors in late November. OneSource sales for fiscal 2001, including OCES, are projected to exceed $120 million. The combined company will have more than 200 employees. Both companies specialize in the industrial market and are distributors for many of the same product lines, including Siemens and General Electric, said Jim Espinoza, president and chief executive officer of ...

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