With the just-announced purchase of Société Commerciale Toutelectric of southwest France, Rexel SA said it extended “its geographical footprint.”
The acquired company also had annual sales of roughly $112 million through 37 branches.
If the words “Rexel acquires” are starting to sound monotonous, here’s a tally of its purchases of other companies since February:
- Feb. 1 Rexel acquired Liteco of Canada with annual sales of $66 million.
- Feb. 6 Rexel bought two companies in Brazil, becoming the leading electrical distributor in that country. Together, annual sales were estimated at $132 million.
- Feb. 27 Rexel added Wilts Wholesale of the UK, with 59 branches. Yearly sales here were estimated at nearly $79 million.
- March 1 Rexel tacked on LaGrange of Belgium, with annual sales at roughly $66 million.
Over 72 days, Rexel SA of Paris announced acquisitions in five countries. The total annual sales of these enterprises are estimated at roughly $455 million (using the current exchange rate of 1 euro = $1.32).
In 2011, Rexel’s sales were about $16.8 billion. The acquisitions made recently equate to a bit less than 3% of last year’s global sales total.Tagged with tED