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Sonepar USA, Berwyn, Pa., a subsidiary of the Paris-based Sonepar SA, plans to acquire the Stuart C. Irby Co., a move that would give it a significant presence in the south central United States and make it the nation's third biggest utility distributor.
Charles Irby, chairman, and Stuart M. Irby, president, will step down from their positions effective with the completion of the acquisition. Stuart M. Irby will serve on the advisory board for Sonepar/Stuart C. Irby and be a consultant for the company,...