Graybar Electric

Supplier of equipment for electric and telecommunications industries.

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Headquarters:
34 N. Meramec Avenue
St. Louis, MO 63105
Employees: 8,100
CEO: Robert Reynolds Jr.
Employee-owned

Website: http://www.graybar.com

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Graybar is a specialist in supply chain management services and the leading North American distributor of high-quality components, equipment and materials for the electrical and telecommunications industries.

Graybar is an employee-owned company with more than 240 distribution centers throughout the U.S., Canada, Mexico, and Puerto Rico.

Graybar procures, warehouses, and delivers just about any kind of electrical or communications and data product, component, or related service to its customers. It stocks and sells 1.4 million products from 4,600 manufacturers.

The company had more than $5.4 billion in revenue in 2008.

History

Elisha Gray, an inventor, and Enos Barton, an entrepreneur, founded Gray & Barton in Cleveland in 1869. In 1872, this partnership became Western Electric Company, which supplied telegraph components to the Western Union Telegraph Company. After the invention of the telephone, Western Electric became the exclusive manufacturer of the telephone equipment for the Bell System. By the early 1900s, Western had grown to be one of the largest manufacturing concerns in the world.

Western Electric also managed a thriving electrical distribution business, furnishing its customers with non-telephone products made by other manufacturers. This electrical distribution business was spun off from Western Electric and organized into a separate company, Graybar Electric Company, Inc., in 1925. Graybar employees bought their company in 1929. The corporate headquarters moved from the Graybar Building in New York City to St. Louis in 1982.

Benefits

- A comprehensive healthcare package including medical insurance, dental insurance, prescription drug coverage, and vision Plan
 
- An employee stock purchase plan

- Paid time off

- Tuition reimbursement

- A profit sharing and savings plan

- Flexible spending accounts

- Disability insurance

Updated April 7, 2010