Rexel Expands in France

Rexel, Paris, has acquired the assets of Société Commerciale Toutelectric, a distributor in southwest France. This acquisition allows Rexel to extend its geographical footprint in France and enables the company to strengthen its relationship with its historical customer base of small- and mid-sized installers, mainly dedicated to the residential and commercial end-markets. This operation should generate €85 million (approximately US $112 million) in sales on an annualized basis. Founded in 1937 and based in Toulouse, Société Commerciale Toutelectric operates through 37 branches and three logistics centers. The family-owned company serves a large base of customers mainly in the residential and commercial end-markets.