Acquisition strengthens Rexels position in the U.S. in industrial automation.
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Lackluster economic environment challenged sales in the fourth quarter.
Acquisition expands Macomb's footprint in the southeast U.S.
Company reports loss of $168.8 million for the quarter.
Year-to-date sales increased 31.1 percent year-over-year.
Deal's progress highlights busy month for gases & welding equipment sector.
Company foresees headwinds, invests in growth & technology.
"Tumbling oil prices" lead to sharp sales decline during year.
Company's revenues decline 6 percent in the fourth quarter.
Fourth quarter sales increased 0.3 percent year-over-year.
Prices also decreased by 0.8 percent in the EU28.
Fourth quarter sales increased 26.4 percent year-over-year.
