Rexel reinforces its presence in Canada through the acquisition of Liteco
Rexel, a global leader in the distribution of electrical supplies, announces the acquisition of Liteco, the largest independent distributor of electrical supplies in the Canadian Maritimes region.
This acquisition complements Rexel’s position in Canada, one of the world’s largest markets, and is consistent with Rexel’s strategic aim of strengthening its market share in key mature markets.
Liteco
Founded in 1976, Liteco is the largest independent distributor of electrical supplies in the Canadian Maritimes region.
Operating from 13 branches located in the provinces of New Brunswick, Nova Scotia and Prince Edward Island, Liteco posted sales of c. €50 million in 2011 and its profitability is in line with Rexel’s operations in the country. Liteco employed c. 120 people at December 31, 2011.
Liteco serves a large base of customers in the residential, commercial, industrial and marine sectors. It provides its customers with a broad offer of products sourced from a large and diversified base of suppliers.
This acquisition will be consolidated as from January 1st, 2012 and will be accretive as from the first year.
Rexel in Canada
Rexel is the largest electrical distributor in Canada. Operating from over 200 branches located across Canada, Rexel provides products and services to the commercial, industrial and residential end-markets. In 2011, Rexel’s Canadian operations contributed c. €1.2bn to the Group’s consolidated sales and posted double-digit organic growth (+11.4%).