Rexel, Paris, has acquired the assets of Société Commerciale Toutelectric, a distributor in southwest France.
This acquisition allows Rexel to extend its geographical footprint in France and enables the company to strengthen its relationship with its historical customer base of small and mid-sized installers, mainly dedicated to the residential and commercial end-markets. This operation should generate. €85m (approximately US $112 million) of sales on an annualized basis.
Founded in 1937 and based in Toulouse, Société Commerciale Toutelectric operates through 37 branches and three logistics centers. The family-owned company serves a large base of customers mainly in the residential and commercial end-markets. Details
Rexel has been on quite a roll recently with acquisitions and over the past few months has acquired distributors in Belgium, England Brazil, Canada, China, India and Wales. Rexel's other 2012 acquisitions, as reported in Electrical Marketing LiveWire:
Liteco in Canada's Maritime Provinces
Belgium's La Grange and Wilts Wholesale Electrical in England and Wales
Acquisitions of Beijing Lucky Well Zhineng in China and Yantra Automation