Wesco International to sell integrated supply business to Vallen Distribution for $350M, using proceeds to pay down debt and repurchase shares.

Wesco International plans to sell its integrated supply business for $350M to Vallen Distribution, a move that will use proceeds to pay down debt and repurchase shares. The deal includes Wesco's industrial MRO integrated supply business in North America and Europe, which had net sales of $784M in 2023. The sale is expected to close in the second quarter after receiving customary regulatory approval.

February 23, 2024
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