Combined company will expand Vallen's vision to deliver
unique and customizable supply chain solutions
BELMONT,
N.C., Feb. 23, 2024 /PRNewswire/ -- Vallen
Distribution ("Vallen"), a provider of indirect industrial supply
chain solutions, vendor managed inventory and technical services
with offerings that include safety equipment inspection,
maintenance, certification, and solution design, is pleased to
announce that it has signed a definitive agreement to acquire Wesco
Integrated Supply (WIS), from Wesco International (NYSE: WCC).
Since its founding in 1865, Vallen – a portfolio company of
Nautic Partners LLC – has focused on providing a value proposition
rooted in technical product knowledge, deep experience with supply
chain solutions, and excellent customer service.
With a rich, 50+ year history and approximately $784 million in annual sales, WIS designs and
implements industrial maintenance, repair and operations (MRO)
supply chain solutions which significantly reduce total costs and
deliver documented savings while improving supply chain
performance, including reduced order cycle time and stock-outs.
As a combined company, Vallen and WIS will continue to provide
premier supply chain services and offerings to the market and be
positioned to invest in innovative solutions that drive success for
customers and suppliers worldwide.
Chuck Delph, CEO of Vallen, said,
"We are excited to bring together two outstanding supply chain
solutions providers through this transaction and see significant
opportunity ahead for the combined company. This combination
further expands and complements our vision to deliver unique and
customizable supply chain solutions for our customers' indirect
spend and enhances our ability to partner with the supplier
community."
Kevin Pugh, Vice President and
General Manager, WIS, said, "Over the course of our 50-year
history, WIS has become a key provider of integrated supply
services and MRO procurement solutions. The combination with Vallen
will allow us to deliver an even broader range of solutions for our
customers as we continue to drive for excellence and
innovation."
The transaction is subject to customary regulatory approval and
is expected to close by the second quarter of 2024.
About Vallen
Vallen is an industry leader in
delivering flexible supply chain solutions and services along with
a comprehensive range of maintenance, repair, operating,
production, safety and electrical products to meet the growing
supply needs of customers in facilities across North America and Europe. For more information, visit
vallen.com.
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SOURCE Vallen Distribution, Inc.