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Electrical, plumbing and HVACR distributor DSG to purchase Wisconsin-based company in asset sale.
Company says divestment will help remained focused on profitable growth in key geographies.
Electrical giants clear regulatory hurdles as Anixter becomes wholly owned subsidiary of WESCO.
COVID-19 stymies regulatory approval, preventing deal from reaching finish line.
Company to use proceeds of $133 million for further debt reduction.
During the past few months, lighting distributor Bulbs.com pivoted to a new customer segment yet also leaned on such core beliefs as strong marketing and data to sustain its business during the pandemic. CEO Mike Connors shared some of the companys COVID-19 playbook.
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