[WorldKings - Wowtimes - Almanac Events and Achievements 2023] The achievements of WESCO International, Inc in 101 years of building its position in the American industry (1922)

19-10-2023

(worldkings.org) WESCO International, Inc. is an American publicly traded Fortune 500 holding company for WESCO Distribution, a multinational electrical distribution and services company based in Pittsburgh, Pennsylvania.

WESCO International, Inc. is a provider of electrical, industrial, communications, maintenance, repair and operating (MRO), and original equipment manufacturer (OEM) products, as well as construction materials and advanced supply chain management/logistic services. In 2019, its total revenue was approximately $17 billion. The company employs 18,000 employees and 30,000 suppliers to serve more than 150,000 active customers worldwide.

The company’s milestones: 

 

 

1922: Wesco founded as the distribution arm of the pioneering Westinghouse Electric and Manufacturing Company, with a focus on Westinghouse branded lighting and electrical products.

1929: WESCO opens its headquarters in New York City, with operations across 19 cities across the US and revenues of $60 million.

1940:WESCO was contracted to light seven tunnels across the Pennsylvania turnpike, the first of its kind “Superhighway”. 

1940s: WESCO expanded its portfolio to include consumer products including televisions, air conditioners, refrigerators, and laundry machines, as well as new electrical wiring and heating systems.

 

 

1950s-60s: WESCO enters a period of institutional consolidation, with the growth of electrical components across industries.

1996-97: WESCO aggressively expands its presence in the industrial automation and utility sectors across the US, with the addition of Murco, Standard Electric, EESCO, Hamby Young, Nevada Electrical Supply, Ace Electric Supply, Power Supply, Diversified Electric Supply, and Maydwell & Hartzell.

1999:The initial public offering (IPO) of WESCO common stock is launched, trading on the New York Stock Exchange under the symbol “WCC.”

2005: Forbes names WESCO as one of their 400 Best Big Companies, an honor we will receive again in 2006, 2007, and 2009.

 

 

2020: WESCO acquires Anixter International Inc., a leading global distributor of network & security solutions, electrical & electronic solutions, and utility power solutions.

2022: Wesco was named one of the 30 Best Companies to Work for Latinos.

According to en.wikipedia.org; inddist.com; wesco.com. Source of photos: internet


Bee (Collect) - WORLDKINGS (Source of photos: Internet)

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