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 €50 million on an annualized basis.
This acquisition is subject to some conditions precedent, in particular approval by the Competition Authority.