Rexel acquires Munro Distributing Company in the USA
Rexel, a global leader in the distribution of electrical supplies and solutions, announces it has reached an agreement to acquire Munro Distributing Company, an innovative electrical products and services distributor specializing in energy efficiency solutions in the Eastern U.S. and California.
Munro Distributing Company significantly reinforces Rexel’s position in the U.S. as a premier provider of energy efficiency solutions. The combination of Rexel’s robust energy platform within its Gexpro and Rexel Inc. banners and Munro Distributing Company will create an energy efficiency solutions offering of unrivaled scope in the U.S. market.
This latest acquisition supports Rexel’s Energy in Motion company plan to consolidate its presence in mature markets and accelerate profitable growth in high potential business categories related to energy efficiency.
Rudy PROVOOST, Chairman of the Management Board and CEO, said:
“With the acquisition of Munro Distributing Company, Rexel is taking a decisive new step in its commitment to become a global leader in providing innovative solutions to manage energy more efficiently. The combination of Munro’s innovative and fast-growing business with Rexel’s existing operations in the U.S. creates an unparalleled offer in energy-efficiency in the U.S. market. It allows us to address a broader range of clients and provides a strong boost to our Energy in Motion strategic plan.”