Wesco International Rebrands As Wesco Anixter

Wesco International announced it has rebranded itself as Wesco Anixter as part of its “endless possibilities to deliver to our customers”.

The rebranding will represent the combined international efforts in the CALA (Caribbean and Latin America), EMEA (Europe, Middle East and Africa), and APAC (Asia Pacific) regions. ““We are proud to share a new international brand identity that underscores Wesco Anixter’s commitment to innovation and in-country expertise, showcasing the company’s ability to provide customers around the globe with the solutions they need to drive operational efficiency and profitability,” says John Engel, Chairman, President and CEO, Wesco International in a press release. The Anixter.com website adds, “We believe life should run smoothly. Every hour, every day, all around the globe. Our people create a world that you can depend on. As a leading global supply chain solutions provider, we build innovative solutions to transform the way you do business. The new identity is more than a change in the design of our logo. It is a visual representation of the possibilities Wesco delivers to our customers. Following Wesco’s acquisition of Anixter in 2020, the unified company is focused on forging strong, strategic relationships across the world that drive sustainable growth and innovation.”

Wesco acquired Anixter for $4.5 billion in June of 2020 following a bidding war with a private equity group earlier that year. The acquisition made Wesco the largest electrical distributor in the United States by doubling in size.

Wesco International’s stock price reached a 52 week high on Tuesday, January 31st. The stock is currently up 19% year to date, 22.2% over the past 12 months, and 118.7% over the past five years. Its market cap is currently $7 billion. As of Thursday morning, February 2, Wesco International’s stock was trading at $153.20 a share.