Construction is booming as Brazil gears up for the World Cup Photo by Mario Tama/Getty Images

Construction is booming as Brazil gears up for the World Cup.

Sonepar Expands in South America

Sonepar has further strengthened its position in South America by buying out Rexel’s assets in Brazil, Chile and Peru. With 1,400 associates and 88 points of sale, those businesses together have annual sales of €250 million (approximately US$280.1 million).

Confident in Brazil’s future and in Nortel’s business with industrial customers, Sonepar now intends to improve that entity’s profit margins by leveraging synergy with its other Brazilian subsidiaries

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