Company agrees to acquire switchgear maker for approximately $214 million in cash.
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Sales for the fourth quarter were up 10.3 percent year-over-year.
Sales for the fourth quarter rose 20 percent over last year.
The acquisition will expand the companys health information systems capabilities.
The company announced its separation from Pentair in May 2018.
Jim Ferland succeeds Robert Peterson as head of companys board of directors.
Staples parent company completes tender offer, merger of Staples and Essendant expected to close January 31.
Excluding the effect of foreign currency translation, sales increased 6.1 percent.
The deal adds 34 branches to the Sonepar USA network.
Company hires Brian Rice as executive vice president, chief information officer and customer support services.
Manufacturer initiates process to divest its Engineered Components & Systems business segment.
