The 2020 Mid-Year Economic Update_long

Sonepar Acquires Italian Distributor

French company's purchase of Gruppo Matel Spa expands presence in northeast Italy.

France-based electrical distributor Sonepar has acquired Gruppo Matel Spa, Padua, Italy, an electrical distributor that serves primarily the residential market and posted sales of €28 million (US$32.5 million) in 2013.

Gruppo Matel Spa operates seven branches primarily in northeast Italy, and it also has a presence in Romania under the brand name Eurosei, with three branches in the country’s biggest cities. Its sales in Romania totaled €2 million (US$2.3 million) in 2013.

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