Rexel to Buy GE Supply

In a blockbuster acquisition that makes it the largest electrical distributor in North America, Rexel has agreed to buy GE Supply, a unit of General Electric, for $725 million.

The announcement ends almost a year’s worth of rumors that GE Supply was on the block. Dick Waterman, president and CEO of the newly created Rexel U.S. holding group, told EM in an exclusive interview July 11 that GE and Rexel were in discussions for the “better part of a year.”

“It’s been a lo

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish