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Paris, France-based Rexel, a distributor of electrical supplies, has acquired two companies in Brazil: Delamano and Etil.
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Through the acquisitions of Delamano and Etil, Rexel adds combined annual sales of €100 million. Both acquisitions will be consolidated as from Jan. 1, 2012 and will be accretive from the first year.
Based in Santo André, in the state of São Paulo, Delamano is a distributor of electrical and MRO supplies. Through 3 distribution centers based in Santo André, Campinas and Vitoria and 7 branches inside customers' facilities, the company posted sales of €60 million in 2011 and employed over 220 people.
Based in São Paulo, Etil distributes electrical supplies in the state of São Paulo with a strong focus on the real estate sector (business offices, hotels and restaurants). With 1 central branch and distribution center and 3 additional branches, the company posted sales of €40 million in 2011 and employed over 200 people.