Graybar buys North Carolina distributor

Expanding its coverage in North Carolina, Graybar Electric Co., Inc., St. Louis, Mo., acquired the assets of Monroe Contractors Electrical Supply, Inc., Monroe, N.C. Terms of the deal were not disclosed.

"This acquisition gives Graybar a presence in the fast-growing Union County area and allows us to offer increased coverage to our customers there as well as Monroe Contractors Electrical Supply's current customer base," said Tommy Gurganous, Graybar's Richmond district vice president. Graybar plans to expand the business into the commercial/industrial market.

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