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Company Overview
History
- In 1922, WESCO was formed by Westinghouse Electric Corporation for the purpose of selling and distributing Westinghouse-manufactured products. As part of the Westinghouse organization, WESCO prospered and grew to be a well-known and trusted source of electrical products throughout American industry. Over the years, the focus of Westinghouse's business changed and the corporation divested many of its electrical manufacturing divisions.
- In 1994, WESCO's management team and private investment company Clayton, Dubilier & Rice (CD&R) purchased WESCO from Westinghouse.
- In April 1998, the management of WESCO Distribution, with sponsorship from an investor group led by The Cypress Group, agreed to purchase WESCO from a fund managed by CD&R and other owners in a recapitalization valued at more than $1.1 billion. A new holding company, WESCO International, Inc., was formed in connection with the recapitalization transaction.
- On May 12, 1999, WESCO International, Inc. made its initial public offering of common stock, trading on the New York Stock Exchange under the symbol "WCC."
Overview
The Numbers are impressive...
Over 7,000 employees; 400 full-service branches; seven high-tech distribution centers; 215,000 products in stock; more than 110,000 customers world-wide; Fortune 500 listed, with $5.3 billion in sales (2006).
But there is much more to the WESCO story...
We are procurement specialists, helping customers lower supply chain costs and raise the efficiency of entire operations through a combination of advanced, innovative distribution capabilities and "extra effort" services:
- Industry-leading national accounts program serving large national and multi-national customers with complex service requirements.
- Largest provider of Integrated Supply services to companies interested in outsourcing their procurement and materials management functions.
- Extensive construction expertise to support large, complex construction projects such as industrial plant sites, stadiums, hospitals, airports, etc.
- Leaders in establishing eProcurement relationships with customers and suppliers, with rich content and advanced connectivity.
- On-line ordering, same-day shipment, and central order handling and fulfillment from our seven strategically located distribution centers.
- 24-hours, seven days per week emergency service and product availability.
WESCO delivers more brands, more products, extra-effort service.
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WESCO's Corporate Headquarters are located at historic Station Square in Pittsburgh, Pennsylvania.
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