The 2020 Mid-Year Economic Update_long

Day: February 3, 2006

WESCO Reports 18.2% Sales Growth in 2005

WESCO International Inc., distributor of electrical MRO products, construction materials, and advanced integrated supply procurement outsourcing services, saw sales jump 18.2% to $4,421 million in 2005, compared with 2004. The company’s organic growth was 15.4%. Profit was $103.5 million, compared with $64.9 million last year.Sales in the fourth quarter 2005 were $1,236.7 million compared with …

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Emerson to Acquire Artesyn Technologies for $500M

St. Louis-based $17.3 billion Emerson will buy Florida-based Artesyn Technologies for about $500 million in cash. Artesyn will become part of Emerson Network Power, pending customary regulatory approvals and approval by Artesyn shareholders.Artesyn provides original equipment manufacturers (OEMs) with advanced power conversion equipment as well as hardware and software subsystems for a range of communication …

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Wurth Service Supply Reports 28.5% Sales Increase in 2005

Wurth Service Supply, Indianapolis, IN, announced sales of more than $138 million for 2005, an increase of 28.5% over 2004. Wurth Service Supply also expanded further in North America by opening branch locations in Tustin, CA; Brantford Ontario and Red Bay, AL.  Wurth Service Supply is a part of the fastener distribution market and is a …

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