Acquisition strengthens Rexels position in the U.S. in industrial automation.
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Divestiture follows sale of Latin American operations last year.
Vincent Demange appointed to position.
Year-to-date sales increased 6.4 percent year-over-year.
Acquisition strengthens Rexels "multi-energy expertise" in France.
Acquisition strengthens Rexels market share in Belgium.
Company reports loss of 19 million (US$63.3 million) for quarter,
Thierry Delarue appointed to newly-created position.
The acquisition strengthens Rexels expertise in high value-added services.
First-quarter sales for the Paris-based electrical distributor grew 7.1 percent.
Electrical distributor also says bolt-on acquisitions will fuel growth, streamlines European operations.
The global electrical distributor also acquired Thai company "4 Knights International."
Rexel will hold a 65 percent stake in Rexel Arabia Electrical Supplies.
The sale, worth 320 million (US$411.7 million), marks the final step of Eurazeos gradual divestment from Rexels capital.
The electrical distributor combined two of its three European zones to streamline its management structure.
The new position combines the CEO roles for Rexel Holdings USA and Rexel Canada Electrical Inc.
Hartmann has led Rexel USA Holding since 2008.
Electrical distributor reports growth in U.S. but challenges globally.
