To our Distributor Partners,

As I look back on 2019, Seco endured a strong and challenging year with change being the central theme of the year and going forward as well. With change comes opportunity — and I believe we are well positioned to capitalize on these opportunities in 2020.

We began the year on a high note but saw market conditions soften going into the second half. The New Year will usher the launch of our global ERP and CRM system that will bring a new level of productivity to our business. These new systems will enable Seco to provide our channel partners with comprehensive data and a level of customer support that was not previously possible.

We will continue to face headwinds moving into 2020. I am confident in the synergy between our distributor partners and Seco field sales and know that we will be able to grow market share and deliver on our commitments, even in a declining market. We know change happens quickly and we must remain agile to adapt to such a fast-paced, evolving environment.

I want to personally thank you all for your hard work, dedication and support throughout the year. I am excited to meet you all in February and share the Seco Story. I believe that you will be as energized by the message and the vision for Seco as I am.

I hope you all had a Happy Holiday Season. We are excited for continued growth in 2020 with our strategic channel network.

Rob