First-quarter sales for the Paris-based electrical distributor grew 7.1 percent.
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Electrical distributor also says bolt-on acquisitions will fuel growth, streamlines European operations.
The global electrical distributor also acquired Thai company "4 Knights International."
Rexel will hold a 65 percent stake in Rexel Arabia Electrical Supplies.
The sale, worth 320 million (US$411.7 million), marks the final step of Eurazeos gradual divestment from Rexels capital.
The electrical distributor combined two of its three European zones to streamline its management structure.
The new position combines the CEO roles for Rexel Holdings USA and Rexel Canada Electrical Inc.
Electrical distributor reports growth in U.S. but challenges globally.
Rexel is acquiring Quality Trading, Esabora and Lenn International.
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Ray Investment will retain 24 percent of Rexel after the sale.
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Eurazeo’s ownership stake will fall to 10.9 percent as a result of this sale.
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Sales drop was heavily impacted by European conditions.
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Graybar tops diversified wholesalers segment list.
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Sales growth for the global electrical distributor driven by strategic acquisitions; on a constant, same-day basis, sales were down 1.8 percent.
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Rexel global sales increased 7.2 percent in the third quarter.
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Profit for the global electrical distributor fell 28.4 percent.
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Global distributor will capitalize on Platts reputation in the Pacific Northwest.
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