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NEWS BITES - PRIVATE COMPANIES
There's a lot of buzz around Industry 4.0 right now, and for good reason. With the goal of creating "smarter" factories where all digital and physical assets are connected using artificial intelligence (AI), the Industrial Internet of Things (IIoT), cloud computing, robotics and other technologies, Industry 4.0 helps create more flexible, responsive and interconnected factories.
"More and more companies see Industry 4.0 as a competitive advantage," says Michael Schneeweis, a Manager of Industrial Business at Graybar, "and are leveraging it to gain an edge in this ever-changing market through a more analytics-driven production approach."
Getting there isn't always easy or cheap, and managers of existing facilities can face particularly high hurdles in their quest to maximize the benefits of Industry 4.0. While the average U.S. factory was 16 years old in 1980, that number has since risen to 25, according to McKinsey. The average age of the equipment inside those plants has also increased from seven years old in 1980 to nine years old today. In most metals, machinery and equipment manufacturing applications, that number is even higher.
INDEX
SECTION 1 GRAYBAR ELECTRIC FINANCIALS
SECTION 2 GRAYBAR ELECTRIC PROFILE
SECTION 3 GRAYBAR ELECTRIC RANKING
SECTION 4 GRAYBAR ELECTRIC ACQUISITIONS
SECTION 5 PRESS RELEASES: 2019
SECTION 6 OTHER NEWS: 2019
SECTION 7 GRAYBAR ELECTRIC TOP MANAGEMENT
SECTION 1 GRAYBAR ELECTRIC FINANCIALS
Graybar Electric Company, Inc.
Key Stats
Estimated Revenue (TTM): $21.67M
SECTION 2 GRAYBAR ELECTRIC PROFILE
2.1 ACTIVITIES
Graybar is a leading distributor of electrical supplies, communications, data network solutions, commercial and industrial lighting, and security equipment. Graybar helps its customers power, network and secure their facilities with speed, intelligence, and efficiency.
2.2 SUMMARY
Fiscal Year End: 31 Dec 2018
PermID: 4295910131
Website: http://www.graybar.com/
Industry: Telecommunications Equipment
Address:
St Louis, Missouri, USA
SECTION 3 GRAYBAR ELECTRIC RANKING
Graybar Electric Company, Inc. was ranked 57 in the Forbes list of Top 216 American Private Companies by Total Revenues in 2016.
SECTION 4 GRAYBAR ELECTRIC ACQUISITIONS
| Acquisition Date | Acquired |
| Jun 2016 | Cape Electrical Supply, Inc. |
| Mar 2015 | Advantage Industrial Automation |
| Aug 2003 | Splane Electric Supply Co. |
SECTION 5 PRESS RELEASES: 2019
October 29: Graybar Reports Record Net Sales in Third Quarter
Graybar, a leading distributor of electrical, communications and data networking products and...