Posted June 9, 2021

Systemax changes name to Global Industrial Company

Systemax Inc. is changing its legal name to Global Industrial Company, and will trade on the New York Stock Exchange under the ticker symbol GIC, effective Monday, June 21.

In January, Global Industrial launched a new brand identity and "We can supply that" tagline conveying its deep customer insights and ability to deliver tomorrow's solutions today.

"This is an exciting day in the history of the company and one that unites the entire organization," said Richard Leeds, executive chairman of Systemax. "In 1949, the company started as a small material handling business and it's fitting that we embrace those roots. The corporate name change is the final piece in the repositioning of the company around the Global Industrial business and one that allows us to move forward under a unified brand."

Barry Litwin, chiefe xecutive officer of Systemax, said, "Today's announcement reflects the singular focus of our business and our position as a leading pure-play industrial distributor. The Global Industrial name unifies our corporate operations under the brand our customers know and trust and aligns with our long-term strategic vision for the company. With our multi-year ACE (Accelerating the Customer Experience) strategy and the dedication of our associates, I believe we are well positioned for continued growth."

The Global Industrial operating business is a subsidiary of Systemax Inc. and a value-added industrial distributor. The company offers more than a million industrial and MRO products, including its own Global Industrial exclusive brands.