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Tim Watson will continue to lead the company under the Watson Supply banner.
MRO distributor appoints seven to leadership roles in various divisions and regions around the country.
This latest transaction is part of WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
In the fourth quarter, sales decreased 24.4% as the company also reported a loss of $11 million in the period.
For the fourth quarter, sales were up 7.7% from same period in 2019 as company posted profit growth for both the quarter and the full year.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 1 to Feb. 5 increased 14.1%, continuing a normal growth trend.
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Wholesale trade shows improvement from same month in 2019 and from the previous month of November, according to the latest report from the U.S. Census Bureau.
Building materials distributor announced in December 2020 that it was unloading this division to PE-backed Foundation Building Materials for $850 million.
Latest addition to Würth’s portfolio will join its new construction services business division, Würth Construction Services.
