The 2020 Mid-Year Economic Update_long

Day: July 3, 2007

Rexel Makes Three Acquisitions

Rexel, the Paris-based distributor of electrical supplies, has made three acquisitions in Belgium, the United Kingdom and the U.S. The moves follow Rexel's bolt-on acquisition strategy aimed at broadening its footprint in Europe and North America.
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U.S.: Tri-Valley Electric Supply
Tri-Valley Electric Supply is an electrical and datacom distributor that serves commercial and industrial segments in Arizona. Tri-Valley posted 2006 sales of US$5.5 million (& euro; 4M) and has 15 employees.
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Belgium: Boutet
Boutet is a distributor of electrical supplies in Eastern Belgium with sales of & euro; 18 million (US$24.5M) in 2006 and 50 employees. Through this acquisition, Rexel Belgium, which already has 26 branches, will further ...

Praxair Buys Wilson Welding & Medical Gases

Praxair Distribution, Inc., Danbury, CT, a subsidiary of Praxair, Inc., has acquired Wilson Welding & Medical Gases, Warren, MI. Wilson is a distributor of industrial, medical, specialty gases and related equipment and supplies.

Wilson operates a cylinder filling plant and retail store in Warren, retail stores in Macomb and Pontiac, and a beverage CO2 business in Flint, MI. The business generated sales of $20 million in 2006 and has 72 employees.

The addition of Wilson to our existing network in Southeastern Michigan further strengthens Praxair's ability to serve customers throughout the Great Lakes region," said Praxair Distribution President Wayne Yakich.

Yakich said Praxair looks forward to building on the strong business foundation established by ...