11 on Industrial Distribution's 2020 Big 50 List on account of its $2.94 billion in 2019 sales of industrial products. The transaction is subject to Anixter stockholder approval, receipt of regulatory approval in the United States, Canada, and certain other foreign jurisdictions, as well as other customary closing conditions. The combined company now offers customers $2 billion in inventory and 1.5 million products. Per Anixter Deal, WESCO Sells Canadian Utility Unit to Rexel. VersaFlex specializes in polyurea, epoxy and polyurethane coatings. WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter International, which closed in June 2020. The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with its Consent Agreement with the Canadian Competition Bureau related to WESCO’s merger with Anixter International, which closed on June 22, 2020. #2 Distributor WESCO/Anixter Closes, And Other Rankings Jun 23 2020. ID's February Industrial Supply M&A Recap. According to WESCO, the transaction “partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with its Consent Agreement with the Canadian Competition Bureau related to WESCO’s merger with Anixter International, which closed on June 22, 2020.” WESCO added that proceeds from the sale will be used to repay debt. wruthrauff@wesco.com, Dawn Marks Auburn Bearing & Manufacturing Acquires Fellow NY Supplier Aurotek TSB. WESCO offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. dawn.marks@anixter.com. Februar bekannt, dass sie die kanadische Tochtergesellschaft (WESCO Canada Utility) von WESCO International übernommen hat. The process to divest the businesses will commence immediately and will be completed as expeditiously as possible. The $4.3 billion merger created one of the largest electrical/data communication/wiring and cable companies in the world with revenues of $17 billion and 19,000 employees. WESCO is committed to continuing to serve datacom customers in Canada, through the legacy business we acquired with Anixter.” Luc Rodier, Guillevin’s president and CEO, said: “We have targeted the WESCO business to launch our Datacom division because of the team’s agility, expertise and in-depth knowledge of products from the industry’s leading suppliers. Those risks, uncertainties and assumptions include the risk of any unexpected costs or expenses resulting from the transaction, the risk of any litigation or post-closing regulatory action relating to the transaction, the risk that the transaction could have an adverse effect on the ability of the combined company to retain customers and retain and hire key personnel and maintain relationships with its suppliers, customers and other business relationships and on its operating results and business generally, the risk that problems may arise in successfully integrating the businesses of the companies or that the combined company could be required to divest one or more businesses, which may result in the combined company not operating as effectively and efficiently as expected, the risk that the combined company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits, the risk that the leverage of the company may be higher than anticipated, the impact of natural disasters, health epidemics and other outbreaks, especially the outbreak of COVID-19 since December 2019, which may have a material adverse effect on the combined company's business, results of operations and financial conditions, the risk that the divesture of the legacy WESCO Utility Datacom businesses in Canada may take longer than expected and other important factors that could cause actual results to differ materially from those projected. Rexel announced today it has acquired the Canadian Utility business of WESCO International (“WESCO Canada Utility”). American Industrial Partners — which also owns fastener distributor/manufacturer Optimas Solutions — is paying $300 million for 55 percent of HPS. Each share of Anixter common stock has been converted into the right to receive $72.82 in cash (without interest), 0.2397 shares of WESCO common stock and preferred stock consideration. WESCO was No. All statements made herein that are not historical facts should be considered as forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. WESCO is a FORTUNE 500 ® global electrical, communications, and utility distribution and supply chain solutions company. The net proceeds realized from the divestiture of the businesses will be used to repay indebtedness. The transaction is subject to Anixter stockholder approval, receipt of regulatory approval in the United States and Canada (and certain other foreign jurisdictions), as well as other customary closing conditions. All such factors are difficult to predict and are beyond each company's control. WESCO hatte im Juni 2020 mit Anixter fusioniert und in diesem Zusammenhang mit der kanadischen Wettbewerbsbehörde vereinbart, dass sie dafür ihre kanadische Vertriebsgesellschaft verkaufen würde. WESCO International, Inc. completed its merger with Anixter International Inc., making Anixter a wholly-owned subsidiary of WESCO, and creating what is estimated by the companies to be a $17 billion per year combined enterprise behind only Sonepar North America as #1. With 2,000 employees and 130 locations, WESCO is also the only distributor with locations from coast to coast. WESCO and Anixter currently anticipate completing the transaction during the second or third quarter of 2020. Forward-Looking Statements Goodyear Acquires Cooper in All-American Tire Deal. The range of products (e.g. Fastener Distributor Index Jumps in February as Outlook Hits Record-High, Conexiom Details 2020 Expansion, Including Major New Clients and Doubled Headcount, SKF Spending $47M to Modernize Italy Plant, The Secret to Overcoming Price Objections. Anixter Inc. 2301 Patriot Boulevard, Glenview, Illinois 60026, USA, WESCO Announces Agreement with Canadian Competition Bureau. The transaction is expected to close in the second or third quarter of 2020, subject to the satisfaction of remaining customary closing conditions. (412) 454-4220 With a strong portfolio of businesses and a high-performance continuous improvement culture, WESCO’s value proposition is founded on developing solutions to satisfy the complex challenges our customers face every day. Feb 3rd, 2021. WESCO has been working cooperatively with the Bureau to resolve outstanding matters, and the Consent Agreement involves a commitment to divest the legacy WESCO Utility and Datacom businesses in Canada, which had total sales of approximately $150 million in 2019. THE INVESTMENT THAT PAYS FOR ITSELF. pole line hardware, cable accessories, connectors, transformers) is largely used for maintenance and upgrade activities. As previously announced, the closing of the merger transaction with Anixter occurred on June 22, 2020 after the expiry of the applicable waiting period under Canadian competition law. Now Doubled in Size, WESCO's Daily Sales Accelerate in Q4, WESCO 'Thrilled' with Anixter Integration Efforts, Process Equipment Distributor Relevant Industrial Makes Louisiana Acquisision, Meridian Adhesives Acquires Europe's GENTEC, FT Polymer, Columbus McKinnon Acquiring Dorner Manufacturing in $485M Deal, F.W. LINC Systems Continues Expansion, Acquires Packaging Products Unit in Quad Cities. Net proceeds will be used to repay indebtedness. Shop LED Lighting. WESCO Canada. In Aurotek, Auburn gains a specialized producer of precision thin section bearings that supplies a wide variety of industries. WESCO is committed to continuing to serve utility customers in Canada, through the legacy business we acquired with Anixter. About WESCO We are committed to ensuring that persons with disabilities have access to our goods and services, including those offered through our website, Anixter.com, and we are in the process of improving the accessibility of our website. IMI is adding North America's oldest industrial magnet manufacturer. WESCO International. And as Anixter was roughly the same size as WESCO prior to the merger, revenue-wise, it likewise spiked the latter's Q3 sales figures. 11 on Industrial Distribution's 2020 Big 50 List. Charlotte, NC-based Flow Control Group distributes mission-critical flow control and industrial automation products to more than 10,000 customers. We will support our associates as they transition to Rexel, and we wish them continued success. PITTSBURGH, August 6, 2020 /Business Wire/ -- WESCO International, Inc. (NYSE: WCC) today announced that it has reached a Consent Agreement with the Competition Bureau of Canada (“Bureau”) regarding its merger with Anixter International. Get the latest news, special offers and events from Anixter. THE INVESTMENT THAT PAYS FOR ITSELF. WESCO International, Inc. View Updates. Accordingly, you should not place undue reliance on such statements. We look forward to providing further details about this agreement, as well as the substantial progress we have made integrating WESCO and Anixter, later this month when we announce our second quarter earnings.”. The Agreement does not impact the tremendous value creation opportunity of the transformational combination of WESCO and Anixter, and we continue to see significant upside potential versus our synergy targets. Together, we are creating the premier electrical, communications, and utility distribution and supply chain solutions company in the world. WESCO Canada represents approximately 20% of the company’s total revenue. WESCO International and Anixter International Announce Post-Closing Leadership Team. Two of the biggest remaining American tire companies are joining forces. READ MORE: WESCO 'Thrilled' with Anixter Integration Efforts - published Feb. 1, "We are pleased to complete this transaction with Rexel, which satisfies one of the conditions of our agreement with the Canadian Competition Bureau," said John Engel, WESCO chairman, president and CEO. Rexel gab am 2. PITTSBURGH, — WESCO International announced Feb. 1 that it has sold its legacy WESCO Utility business in Canada to Rexel Canada, a wholly-owned subsidiary of France’s Rexel Group. Pro forma 2019 annual sales were over $17 billion, including Anixter International which it acquired in June 2020. WESCO IS ACTIVELY MONITORING THE CORONAVIRUS SITUATION WORLDWIDE. WESCO and Anixter Announce Merger Agreement to Create a Premier Electrical and Data Communications Distribution and Supply Chain Services Company These statements include, but are not limited to, statements regarding the process to divest the legacy WESCO Utility Datacom businesses in Canada, including the expected length of the process, the expected benefits and costs of the transaction between WESCO and Anixter International Inc., including anticipated future financial and operating results, synergies, accretion and growth rates, and the combined company's plans, objectives, expectations and intentions, statements that address the combined company's expected future business and financial performance, and other statements identified by words such as "anticipate," "plan," "believe," "estimate," "intend," "expect," "project," "will" and similar words, phrases or expressions. Flex Flow is a Midland, TX-based provider of H-pump solutions for applications across the energy industry. Anixter became a wholly-owned subsidiary of WESCO upon the transaction completion, and its shares ended trading prior to Monday's market open. Prior to joining WESCO… WESCO is committed to continuing to serve utility customers in Canada, through the legacy business we acquired with Anixter. I look forward to providing further details about this divestiture, as well as the continued integration of WESCO and Anixter, during our fourth quarter earnings call next week.”. WESCO International, Inc. WCC has acquired Anixter International in a transaction valued at $4.5 billion. The divestment partially fulfills WESCO's commitments in connection with its June 2020 acquisition of Anixter International. WESCO International, Inc. WESCO Canada is the largest electrical distributor in Canada. The acquisition boosts TFI's sales and distribution team and reach in the greater Mississippi market as its 11th location. Wesco and Anixter anticipate completing the transaction during the second or third quarter of 2020. WESCO International and Anixter International Announce Post-Closing Leadership Team PR Newswire PITTSBURGH, June 1, 2020 PITTSBURGH, June 1, 2020 /PRNewswire/ -- WESCO … WESCO International, Inc. (NYSE: WCC), a publicly traded FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain management solutions. Shop LED Lighting. KKR Buys Flow Control Group from Fellow Investment Firm. WESCO operates nearly 800 branch and warehouse locations in over 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations. Additional factors that could cause results to differ materially from those described above can be found in WESCO's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and WESCO's other reports filed with the SEC. PITTSBURGH, June 1, 2020 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("WESCO… As previously announced, the closing of the merger transaction with Anixter occurred on June 22, 2020 after the expiry of the applicable waiting period under Canadian competition law. WESCO IS ACTIVELY MONITORING THE CORONAVIRUS SITUATION WORLDWIDE. PITTSBURGH, August 6, 2020 /Business Wire/ -- WESCO International, Inc. (NYSE: WCC) today announced that it has reached a Consent Agreement with the Competition Bureau of Canada (“Bureau”) regarding its merger with Anixter International. Webb Acquires Danbury Plumbing and HVAC Supply in Western CT, DNOW Acquires Flex Flow Pumping Business from GR Energy. WESCO is committed to continuing to serve datacom customers in Canada, through the legacy business we acquired with Anixter.” About WESCO WESCO International, Inc. (NYSE: WCC), a publicly traded FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions. WESCO Canada Utility business operates four branches in Canada with about 60 employees and sales over $70 million. The company employs over 18,000 people, maintains relationships with over 30,000 suppliers, and serves more than 150,000 customers worldwide. Will Ruthrauff WESCO operates from 11 distribution centres and approximately 500 branches, including 120 locations in Canada. As such, we strive to adhere to the Web Content Accessibility Guidelines 2.1 Levels A and AA, a set of guidelines developed by the World Wide Web Consortium and used to ensure that digital content is accessible to everyone. I look forward to providing further details about this divestiture, as well as the continued integration of WESCO and Anixter, during our fourth quarter earnings call next week." anixter #eki-k41t44 Network Video Recorder and Camera Kit, 48 VDC ≤ 65 w SKU # 42001299996 Manufacturer Series: Value Express PITTSBURGH — WESCO International, Inc. (“WESCO”) and Anixter International Inc. (“Anixter”) announced the future leadership team and organizational structure that will become effective upon the completion of the merger of the two companies. We are committed to ensuring that persons with disabilities have access to our goods and services, including those offered through our website, Anixter.com, and we are in the process of improving the accessibility of our website. PARIS and PITTSBURGH— Rexel announced today it has acquired the Canadian Utility business of WESCO International (“WESCO Canada Utility”). August 6, 2020 – Canada’s Competition Bureau registered a consent agreement with the Competition Tribunal to address its concerns related to WESCO International Inc.’s acquisition of Anixter International Inc., which would have combined the two largest distributors of pole line hardware and datacom products in Canada. WESCO concluded the deal with Anixter on June 22 as Anixter became a wholly-owned subsidary of WESCO. WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter … ANIXTER IS NOW. 224-521-8484 Done through a Rexnord divestment and then Reverse Morris Trust transaction, it will result in forming a new major power transmission supply entity. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. WESCO is committed to continuing to serve datacom customers in Canada, through the legacy business we acquired with Anixter.” WESCO was No. FlexPAC Quad Cities is a distributor of packaging, safety supplies and janitorial-related products based in Rock Island, IL. With nearly 1.5 million products, end-to-end supply chain services, and leading digital capabilities, WESCO provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. WESCO International, Inc. / Suite 700, 225 West Station Square Drive / Pittsburgh, PA 15219. Regal Beloit to Acquire Rexnord's Process & Motion Control Unit in $3.7B Deal. Activity so far in 2021 is down modestly from the last two months of 2020, but relatively solid. Ingersoll Rand Selling Majority of High Pressure Solutions Unit to AIP. Products | Services | Capabilities. The WESCO and Anixter Merger is Complete. WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter International, which closed in June 2020. WESCO International reported its 2020 third quarter financial results on Thursday, recapping the first full quarter that included the results of recently acquired Anixter International. Threaded Fasteners Makes Acquisition in MS, Relocates Chattanooga Branch. Anixter distributes a wide range of products across approximately 50 countries, including through 31 locations in Canada. Industrial Magnetics Acquires Walker Magnetics. © 2021 Industrial Media, LLC. The divestment partially fulfills WESCO's commitments in connection with its June 2020 acquisition of Anixter International. All rights reserved. View Updates. These forward-looking statements are based on current expectations and beliefs of WESCO's management, as well as assumptions made by, and information currently available to, WESCO's management, current market trends and market conditions and involve risks and uncertainties, many of which are outside of WESCO's and WESCO's management's control, and which may cause actual results to differ materially from those contained in forward-looking statements. WESCO International, Inc. (NYSE: WCC) today announced that it has reached a Consent Agreement with the Competition Bureau of Canada ("Bureau") regarding its merger with Anixter International. PPG Completes Acquisition of Coatings Manufacturer VersaFlex. Serving our customers MORE+. PART OF WESCO. John Engel, Chairman, President, and Chief Executive Officer, said, “We are pleased to reach this agreement with the Commissioner of Competition and to resolve the Bureau’s remaining concerns. WESCO is committed to continuing to serve utility customers in Canada, through the legacy business we acquired with Anixter. Following the similar sale of its Canadian Utility business, the move was required to meet agreements as part of WESCO's Anixter acquisition. Squires has led WESCO Canada since joining the company in 2015 and gained additional responsibility for the WIS and International businesses in 2018. WESCO is a leading global distributor of a wide array of products, including pole line hardware and datacom products. The business is supported by four hybrid distribution centres located in Vancouver, Edmonton, Toronto and Montreal. "This transaction is a highly successful outcome for WESCO.