RSS   


   

Sonepar pledges $300,000 to NAED

By Dale Funk, Contributing Editor

May 1, 2005 12:00 PM

The National Association of Electrical Distributors (NAED) received a $300,000 commitment by Sonepar USA to the NAED Education & Research Foundation. The landmark contribution from Sonepar is the most generous contribution to date by a distributor. Headquartered in Berwyn, Pa., Sonepar USA is the U.S. subsidiary of the global Sonepar SA group, the world's largest privately held electrical distributor, which employs 19,000 individuals globally. Sonepar USA, with $1.3 billion in sales, has 160 branches in 15 states and the Caribbean.

The company's $300,000 donation will become part of an endowment fund for the NAED Education & Research Foundation. The principal amount of the endowment will remain untouched, while the interest will be used to commission future projects and studies. As a $300,000 donor, Sonepar will be recognized at the Guarantor Level and have a permanent position on the Channel Advantage Partnership Council, which will help select future educational programs and research projects.


Acceptable Use Policy
blog comments powered by Disqus





Browse Back Issues





 
Back to Top

blank
© 2012 Penton Business Media, Inc. About Us | Contact Us | E-mail Webmaster | Advertising | For Search Partners | Privacy Statement | Terms of Use | Follow Electrical Wholesaling on Facebook Follow Electrical Wholesaling on Twitter
blank