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REXEL: Rexel Strengthens its presence in Belgium with the acquisition of La Grange
Rexel, a global leader in the distribution of electrical supplies, announces it has reached an agreement to acquire La Grange, a longstanding independent player in the distribution of electrical supplies and a lighting specialist operating in Belgium.
This acquisition allows Rexel to extend its geographical footprint and broaden its service offer in Belgium and is consistent with Rexel's strategic aim of strengthening its position in key mature markets.
The consolidation of La Grange should generate additional sales of close to EUR50 million on an annualized basis.
This acquisition is subject to some conditions precedent, in particular approval by the Competition Authority.
Founded in 1941 and based in Gent, La Grange is a longstanding independent player in the distribution of electrical supplies and a lighting specialist in Belgium. Operating through 5 branches and employing 126 people at December 31, 2011, the family-owned company has an established reputation in the industrial end-market in its region.
Rexel is a major player in the distribution of electrical supplies in Belgium. Operating from 29 branches located across the country, Rexel's activity in Belgium in 2011 contributed over EUR305 million to the Group's consolidated revenues.
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