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In The News:

2016 Top 40 Industrial Distributors

15. Sonepar (Hagemeyer & Industrial Distribution Group) – Top Industrial Distributors

Company Profile

Sonepar Industrial

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Headquarters: Hagemeyer North America in Charleston, SC; Sonepar USA in Philadelphia, PA
2015 Revenues: N/A
Locations: 1,014
2015 Acquisitions: Gruppo Metal Spa; Vanas Beyond Tools; Van Egmond Group; Rexel Latin America operations; Quality Electrical Distribution; Electrical Distributors; Eck Supply Co.; Solar Deutschland; Alfa Elektriciteit; Mayflex Holdings
Key Executives: David Gabriel, North American region president & CEO

Sonepar's position on the industrial list is primarily based on revenue estimates for its industrial subsidiaries, Hagemeyer and Industrial Distribution Group – both of which appeared on the Top Distributors lists independently prior to their acquisitions by Sonepar.

Sonepar and its subsidiaries continued their acquisitive ways in 2015 with numerous deals, though none quite as splashy as the one its subsidiary Sonepar North America made in fall 2014 with the purchase of Industrial Distribution Group.

Still, acquisitions remain a core part of the company's growth strategy, according to Sonepar North America CEO Dave Gabriel, who told attendees at the 2016 National Association of Electrical Distributors conference that, "In a slow growth environment, which I think we're in, execution on organic (growth) is extraordinarily important to all of us, and then selective targets on the acquisition side is even more important." The company began 2016 not quite as acquisitive, but still adding some more "selective targets."

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