Vallen Distribution, Inc. completed the acquisition of WESCO Integrated Supply, Inc. from WESCO International, Inc..
April 31, 2024
Share
Vallen Distribution, Inc. entered into a definitive agreement to acquire WESCO Integrated Supply, Inc. from WESCO International, Inc. (NYSE:WCC) for approximately $400 million on February 23, 2024. Combined company will expand Vallen's vision to deliver unique and customizable supply chain solutions. The annual net sales of approximately $784 million in 2023. The transaction is subject to customary regulatory approval and the is anticipated to close in the second quarter.
Vallen Distribution, Inc. completed the acquisition of WESCO Integrated Supply, Inc. from WESCO International, Inc. (NYSE:WCC) on April 01, 2024.
WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Companyâs segments include Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The ESS segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. The product portfolio in this business includes a broad range of electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. The CSS segment is engaged in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers, and broadband operators, among others.