Rexel, the Paris-based distributor of electrical supplies, has made three acquisitions in Belgium, the United Kingdom and the U.S. The moves follow Rexel’s bolt-on acquisition strategy aimed at broadening its footprint in Europe and North America.
U.S.: Tri-Valley Electric Supply
Tri-Valley Electric Supply is an electrical and datacom distributor that serves commercial and industrial segments in Arizona. Tri-Valley posted 2006 sales of US$5.5 million (& euro; 4M) and has 15 employees.
Boutet is a distributor of electrical supplies in Eastern Belgium with sales of & euro; 18 million (US$24.5M) in 2006 and 50 employees. Through this acquisition, Rexel Belgium, which already has 26 branches, will further strengthen and complement its industrial customer segment, a growing market in this country.
United Kingdom: Clearlight
Clearlight, a Birmingham-based distributor of electrical supplies, posted 2006 sales of & euro; 10M (US$13.6M) and has 71 employees. Clearlight has eight branches and will enable Rexel to further expand in the UK its Denmans banner, which is dedicated to small electrical installers. The acquisition of Clearlight gives Denmans a platform for expansion into new areas such as Essex and London.
Rexel also made acquisitions in China, France and Australia earlier this year.