Van Meter Inc. to buy full ownership stake in Minnesota-based Werner Electric
Van Meter Inc. to buy full ownership stake in Minnesota-based Werner Electric BY BUSINESS RECORD STAFF Tuesday, April 6, 2021 2:52 PM Cedar Rapids-based electrical wholesaler Van Meter Inc. announced its intent to become 100% owner of the parent company of Werner Electric, a Minnesota-based electrical supplier, the Corridor Business Journal reported. Van Meter Inc. is currently a 50% partner in Werner Ventures LLC, the legal entity that owns Werner Electric. It now plans a stock purchase of the remaining business from MacDonald Ventures. The sale is expected to clo...