EVERY WEEKDAY FOR THE REST OF THE YEAR, TED MAGAZINE IS COUNTING DOWN THE TOP 20 STORIES OF 2022. BELOW, THE #19 MOST-VIEWED STORY OF THE YEAR, ORIGINALLY PUBLISHED ON JULY 8, 2022.
Rexel Signs Definitive Agreement to Acquire Horizon Solutions
Rexel USA, Inc (“Rexel USA”) today announced that it has signed a definitive agreement to acquire Horizon Solutions, headquartered in Rochester, New York with 10 branch locations in New York and New England.
With the acquisition, Rexel USA expands its presence as a leading authorized Rockwell Automation distributor and strengthens its Northeast USA Region.
“We are thrilled to welcome Horizon Solutions to the Rexel USA family,” said Brad Paulsen, CEO of Rexel USA. “We have long admired Horizon Solutions as it is a company led by strong core values and a passion for serving their customers. We are also excited for the opportunity to further our market presence and ability to serve our customers in the New England and Upstate New York markets because of this acquisition. Christopher Monoson, our Northeast Region President, and his entire team, are looking forward to working with the Horizon Solutions team to deliver outstanding service and solutions for our customers.”
“Horizon Solutions has partnered with Rexel to help bring our business to the next level for our customers, suppliers and employees” said John Kerkhove, President Horizon Solutions. “Our strong industrial automation, industrial supply and electrical products, solutions and services are a great complement to Rexel’s branch network and commercial offer, and we are excited about our ability to deliver exceptional customer service.
The transaction is expected to close by the end of the month.Tagged with top 20