{"id":11324,"date":"2024-04-04T15:26:32","date_gmt":"2024-04-04T15:26:32","guid":{"rendered":"https:\/\/www.emr-online.com\/wesco-wesco-finalizes-sale-of-integrated-supply-business-to-vallen-distribution-inc\/"},"modified":"2024-04-04T15:26:32","modified_gmt":"2024-04-04T15:26:32","slug":"wesco-wesco-finalizes-sale-of-integrated-supply-business-to-vallen-distribution-inc","status":"publish","type":"post","link":"https:\/\/www.emr-online.com\/wesco-wesco-finalizes-sale-of-integrated-supply-business-to-vallen-distribution-inc\/","title":{"rendered":"Wesco – Wesco Finalizes Sale of Integrated Supply Business to Vallen Distribution, Inc."},"content":{"rendered":"

[vc_row el_class=’EmrExectiveRowSection’][vc_column][vc_column_text]<\/p>\n

\"\"<\/strong><\/h4>\n

PITTSBURGH, April 1, 2024 \/PRNewswire\/ — <\/strong>Wesco International<\/strong><\/a> (NYSE:WCC) announced today that it has completed the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. <\/strong><\/h1>\n

 <\/p>\n

The sale includes predominately all of Wesco’s industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe. The business that is being divested had annual net sales of $784 million in 2023. <\/strong><\/p>\n

 <\/p>\n

The Company expects to use the proceeds from the sale to reduce debt and repurchase shares.  Additional details, including the impact of the transaction on Wesco’s 2024 outlook, will be provided during the Company’s first quarter earnings release webcast.<\/p>\n

\n

“This divestiture supports our portfolio management strategy to prioritize investments and resources in the areas of our business that offer the strongest growth and profit potential. Our WIS team has consistently provided exceptional value to our customers over the years. I am very proud of their accomplishments and thank them for their outstanding customer service,” said John Engel, Chairman, President and CEO of Wesco.<\/p>\n<\/blockquote>\n

 <\/p>\n

 <\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Source<\/span>WESCO<\/span>[vc_icon class=’fntasm’ icon_fontawesome=’fas fa-external-link-alt’]<\/a><\/h5>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text el_class=’bg_wt_rc’]<\/p>\n

EMR Analysis<\/strong><\/h4>\n

More information on WESCO:<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

More information on John J. Engel (Chairman, President & Chief Executive Officer, WESCO):<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

More information on David S. Schulz (Executive Vice President & Chief Financial Officer, WESCO):<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

More information on Wesco Integrated Supply (WIS) by WESCO:<\/strong> https:\/\/www.wescois.com\/<\/a> + Partner with the largest integrated supply services provider in the U.S.<\/p>\n

With more than $1.4 billion of annual supply chain spend under management, Wesco Integrated Supply is the industry\u2019s leading provider of integrated supply services.<\/p>\n

Wesco can be your single source for millions of industrial and maintenance products and services, with relationships with over 40,000 suppliers and processes more than seven million transactions annually.<\/p>\n

For over 50 years, Wesco Integrated Supply has been a pathfinder in developing systems and database capabilities that achieve better controls, transparency and efficiencies in the supply chain. Wesco operates six centralized procurement centers in North America and Europe. Using extensive market sourcing expertise, we leverage a business\u2019s country and regional MRO spend.<\/p>\n

Our storeroom and warehouse programs meet the highest performance standards. With field organization embedded at customer sites, we shape savings and process improvement by working hand in hand with our customers. Wesco embraces a culture of Six Sigma and Lean methodologies, driving positive change and innovation in our customers\u2019 facilities.<\/p>\n

 <\/p>\n

More information on Vallen: <\/strong>https:\/\/www.vallen.com<\/a> + Vallen is a leading provider of indirect industrial supplies \u2013 all those materials that are not part of the products our customers manufacture.<\/p>\n

From earplugs to hand tools, to abrasives and cutting tools, we cover the vast majority of our customers\u2019 maintenance, repair, operations and production-related needs. Vallen is also a leader in technical services with offerings that include safety equipment inspection, maintenance, certification and solution design.<\/p>\n

Many of our customers look to us for integrated supply solutions and vendor managed inventory, with Vallen associates on-site, bringing local knowledge and expertise to the specific needs of individual facilities.<\/p>\n