Rexel continues international acquisition binge with purchase in France
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
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.