Distributor will consolidate operations into new 125,000-square-food facility.
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Latest In WESCO International
Fourth-quarter sales increased 3.5 percent year-over-year.
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App is organized not by product category but by solution.
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Net sales were $1,656.2 million, an increase of 4.8 percent year-over-year.
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Acquisition to expand WESCOs footprint in Canada and South America.
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Profit rose 17.3 percent.
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Acquisition by WESCO significantly expands its safety products and service portfolio.
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WESCO’s acquisition of Conney Safety Products will bring another large distributor more prominently into the space.
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Trydor Industries has three locations in British Columbia and Alberta.
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Kenneth Parks replaces Stephen Van Oss, WESCO’s COO, who has been acting as interim CFO since February.
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Profit increased 41.9 percent to $52.9 million.
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CFO Richard Heyse will leave the company.
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Organic growth for WESCO was 13.8%.
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RS Electronics has eight branches in the Midwest and Southeast U.S.
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Brews Supply is a full-line distributor of industrial, utility and commercial products.
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Industrial markets reporting growing demand for the distributor, while utilities and non-residential markets are beginning to recover.
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RECO is a $25M automation, controls and electrical distributor.
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Wesco’s purchase price for TVC is expected to be approximately $246.5 million, according to CEO John Engel.
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Year-to-date, WESCO’s sales were up 6.9 percent.
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During investor day, WESCO outlines strategy to broaden existing relationships.
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