The acquisition strengthens Rexels expertise in high value-added services.
Latest In Electrical
First-quarter sales for the Paris-based electrical distributor grew 7.1 percent.
Profit decreased 0.9 percent in the first quarter.
Year-to-date sales down 2.1 percent year-over-year.
U.S. Electrical division up 7 percent year-over-year.
Enterprise cabling and security solutions sales increased 17.9 percent year-over-year.
Company agreed to acquire Texas-based electrical distributor.
Profit increases 102.7 percent in fiscal 2015 second quarter.
Industrial segment sales fell 4.3 percent for the diversified manufacturer.
Profit declined 2.8 percent year-over-year to $62.4 million.
Parent company Genuine Parts Co. sales up 3 percent in 1Q.
