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Investor Relations
Ludovic DEBAILLEUX
ir@rexel.com
+33 (0)1 42 85 76 50

Public Relations
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 92

Rexel signs agreement to sell its Gexpro Services business to LKCM Headwater


Rexel and US-based private investment firm LKCM Headwater Investments (“LKCM Headwater”) announced today that they have signed an agreement for LKCM Headwater to acquire the Gexpro Services business from Rexel in a transaction that is expected to close in the first quarter of 2020, subject to the satisfaction of certain conditions precedent.

“Under LKCM Headwater, Gexpro Services will become core and will benefit from a new owner with extensive specialty, value added distribution experience to add investment and focus, driving continued growth and high levels of customer service. This divestment, which follows a disposal program of 650 million euros in 2017 and 2018, is in line with our strategy aiming at optimizing our portfolio with targeted divestments or acquisitions, to continue refocusing on our core business and create further value.” – Patrick Berard, Chief Executive Officer of Rexel


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Investor Relations
Ludovic DEBAILLEUX
ir@rexel.com
+33 (0)1 42 85 76 50

Public Relations
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 92

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