Sonepar USA on the Hagemeyer Deal
Product DetailsSonepar USA CEO Tony Burr recently spoke with MDM on the distributor's plans to buy Hagemeyer assets, the state of the economy and the impact of copper and fuel prices on the electrical distributor's business. In this article, Burr says Sonepar will treat the acquisition of certain Hagemeyer assets much like it does other acquisitions by keeping management and the company's way of doing things in place.
Sonepar will likely keep Hagemeyer as a standalone operation after acquiring certain of its assets from Rexel. The plan will probably be to keep it as a standalone operation,"Tony Burr, Sonepar USA CEO, tells MDM. "It has a different customer base, predominantly, and a different market approach."
Sonepar USA's parent company -Paris-based Sonepar -has agreed ...