Global electrical distributor Rexel, Paris, France, acquired UK-based Wilts Wholesale Electrical and has agreed to buy Belgian distributor La Grange.
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Rexel acquired 59 branches of Wilts Wholesale Electrical. The move complements Rexel’s position in the United Kingdom and aligns with Rexel’s strategic aim of strengthening its market share in key mature markets.
This acquisition will be consolidated as from March 1, 2012, and is expected to generate sales of €60 million (US$79.3 million) on an annualized basis.
La Grange, an independent distributor of electrical supplies and a lighting specialist operating in Belgium, is expected to generate €50 million (US$66.1 million) on an annualized basis. This acquisition allows Rexel to extend its geographical footprint and broaden its service offer in Belgium.