September’s biggest acquisition news in the distribution space, Sonepar’s agreement to purchase IDG, contributed to a long lineup of distributor mergers and acquisitions. The acquisition offers a strong complement to Sonepar's industrial division, Hagemeyer North America, and expands the distributor's capability to offer more in the area of integrated supply.
Sonepar also acquired Routeco, an industrial control and automation distributor in the UK. This acquisition underlines the ongoing efforts of Sonepar to expand into new countries, as well as into the immense market of industrial automation.
Even as Sonepar moved to expand outside of its electrical core, other distributors moved to strengthen their presence in the sector. Hunzicker Brothers Inc. agreed to acquire SESCO Electric Supply Company, and Border States Electric agreed to purchase Western Extralite, an electrical wholesale supply company.
The jan-san sector also saw several shifts in September. ITW reorganized multiple units within the company to operate more efficiently under the ITW Pro Brands banner.
“The new structure makes doing business with us easier and more efficient,” said ITW Pro Brands Vice President and General Manager Paul Taylor. “It also allows us to invest greater resources into our brands, driving end user demand and deepening our commitment to new product innovation.”
Brady Industries LLC, a janitorial supply distributor, acquired operations of Staheli Distributing located in St. George, UT. Penn Jersey Paper Company acquired Gelmarc Distributors, a distributor of foodservice supplies, equipment, disposables and janitorial products.
Here are other key deals that occurred in September 2014:
Catch up with more deals in distribution and manufacturing at our M&A news page.