Rexel is acquiring Quality Trading, Esabora and Lenn International.
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Ray Investment will retain 24 percent of Rexel after the sale.
Eurazeo's ownership stake will fall to 10.9 percent as a result of this sale.
Sales drop was heavily impacted by European conditions.
Graybar tops diversified wholesalers segment list.
Sales growth for the global electrical distributor driven by strategic acquisitions; on a constant, same-day basis, sales were down 1.8 percent.
Rexel global sales increased 7.2 percent in the third quarter.
Profit for the global electrical distributor fell 28.4 percent.
Global distributor will capitalize on Platts reputation in the Pacific Northwest.
Platt Electric Supply had more than US$350M in sales in 2011; acquisition will strengthen Rexel's position in Western U.S.
Sales in North America were up 15.7 percent.
Both acquisitions are in line with Rexel's strategic aim of gaining market share in key mature markets.
Fortune's annual list of Most Admired Companies announced.
Rudy Provoost will become CEO of the global electrical products distributor, effective Feb. 13.
Acquisition of Delamano and Etil strengthens Rexel's position in Sao Paulo.
Liteco has 13 branches in New Brunswick, Nova Scotia and Prince Edward Island.
Recent controversy surrounding the funding of solar energy companies, led by the bankruptcy filing of Fremont, CA-based Solyndra, hasn’t swayed Rexel Holdings USA, the U.S. subsidiary of Paris, France-based Rexel Group and No. 3 on MDM’s top 25 electrical distributors list, away from the alternative energy market. Chris Hartmann, executive vice president and CEO of Rexel Holdings USA, recently spoke with Associate Editor Jenel Stelton-Holtmeier about how the company has shifted to meet changing market needs, the future of alternative energy and the challenges Rexel and the electrical distribution industry will face going forward.
MDM: How has business been for Rexel?
Chris Hartmann: Right now, things are going fairly well. Similar to all businesses in our industry we certainly faced some tough challenges over the past few years. But year-to-date in 2011 same store sales are up over 10 percent, which we’re very pleased with because a little bit more than ...
Jim Hibberd, vice president global sales and business development, will replace Williams as the head of Gexpro.
Rexel will cease operations at three Ohio locations on December 9.
Rexel completed two acquisitions in France and Peru.
