AME Material Electrico, an electrical distributor in Spain, has joined Sonepar Iberica.
With 14 branches in the Valencia region and 250 employees, AME is one of the largest distributors in the area with revenues of about $89 million (in U.S. dollars).
A full line distributor of electrical equipment, Sonepar says that AMA Material Electrico holds a strong position in the industrial market and has expertise in logistics with a modern, automated central warehouse in Valencia.
AME Material Electrico was formed through the merger in 2000 of Comercial Antonio Chust, founded in 1925, Suministros Electricos Ferrer SA, Electrododura and Codime.
The new acquisition, Sonepar said in a press release, will strengthen the company’s presence in Spain and deliver higher quality service to its customers.
The deal was finalized last month.Tagged with tED