Sonepar USA, a subsidiary of the privately-held Sonepar Group, announced today that Codale Electric Supply, Inc. headquartered in Salt Lake City, Utah has signed an agreement to join the Sonepar group.
Founded in 1975 by Dale P. Holt as a single 5,000-sq-ft. location with just five employees, Codale is a market leader with 12 locations in Utah, Nevada and Wyoming. The company is ranked as the largest independent electrical distributer in those markets. Codale serves customers in a wide range of markets served from residential, commercial and industrial, to utility transmission, distribution, and substation design and assembly.
Dave Gabriel, president of Sonepar North America and CEO of Sonepar USA said, “We are pleased to welcome Dale and his management team at Codale Electric Supply to the Sonepar USA group. This strategic acquisition will further strengthen our footprint and offering throughout US market.”
Paul Klasing, president of Sonepar USA, added, “Committed to excellence, Codale is a market leader with great people, innovative programs and efficient lean operations. Codale shares the same Sonepar passion and values to be a customer-focused organization.”
Codale president and founder Dale Holt said, “This is a big day for us at Codale Electric Supply. Becoming a part of Sonepar USA gives us an even stronger presence in the markets that we serve. This partnership results in a win-win relationship for our customers, suppliers and most importantly our people.”
About Sonepar USA
Sonepar USA is made up of the finest locally managed electrical and industrial distributors. Headquartered in Philadelphia PA, Sonepar USA is part of Sonepar, a global leader in B to B distribution of electrical products and related solutions. For more information, visit SoneparUSA.com
Sonepar is an independent French family-owned company with global market leadership in B to B distribution of electrical products and related solutions. Founded in 1969, Sonepar employs 33,000 associates at 160 entities in 35 countries. Revenue totaled €14.7 billion in 2011. For more information, visit Sonepar.com.
About Codale Electric Supply
Established in 1975 Codale Electric Supply, Inc. is a wholesaler supplier of electrical products in the commercial, industrial, utility and data com sectors with 12 branches in 3 states. For more information, visit Codale.com
SOURCE: Sonepar USATagged with tED