Sonepar Archives

Paris-based Sonepar’s unsolicited $3.5 billion (2.5 billion euro) bid Oct. 8 for Hagemeyer NV shook the electrical distribution world this week. Hagemeyer rejected the offer, saying it significantly undervalues the company.” Nevertheless, the Netherlands-based company says it will meet with Sonepar to “clarify its intentions.

Based on comments by Hagemeyer CEO Rudi de Becker in August, Hagemeyer is not interested in selling. Still, Sonepar will likely try to persuade the company’s board and raise its bid.

Joining Sonepar and Hagemeyer would create a global powerhouse with revenues of roughly 15 billion euro (US$21 billion), based on the two companies’reported sales in 2006. The merger would also mean greater and complementary market coverage for both companies …

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October 10, 2007

Companies

Commentary: Sonepar’s Goal with Hagemeyer Deal

As our lead article notes, the big attraction for Sonepar is Hagemeyer’s North American industrial business. Sonepar’s U.S. customer base is 64 percent electrical contractors and only 14 percent industrial. Hagemeyer’s North American operations are 85 industrial and 15 percent contractor. Sonepar would get a well-developed integrated supply business with more diversified products.
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You have to ask how the model developed for a century or so by Cameron & Barkley and acquired by Hagemeyer at the turn of this century would change& hellip; again -for customers, vendors and employees.
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Will we see more diversification across channels? Is it possible to buy growth in big chunks and combine different pieces to produce a profitable entity? Recent history seems to …

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October 10, 2007

Companies

Hagemeyer: Sonepar’s Bid Is Too Low

Hagemeyer NV said in a press release Tuesday that Sonepar’s unsolicited bid of US$3.5 billion (2.5 billion euro) significantly undervalues the company.” Hagemeyer says it will meet with Sonepar to “clarify its intentions.”
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Paris-based Sonepar announced in an unsolicited offer that it would pay 4.25 euro in cash per share for the Netherlands-based distributor. The global electrical distributor notified Hagemeyer of its intention on Monday, Oct. 8.
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The joining of Sonepar and Hagemeyer would create a global electrical distribution giant with global revenues of roughly 15.5 billion euro (US$22 billion), based on the two companies’ reported sales in 2006. In North America, Hagemeyer did close to $2 billion in sales in 2006. The Sonepar USA division is reported to …

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October 9, 2007

Companies

Sonepar Subsidiary to Buy Boston Distributor

NorthEast Electrical Distributors/Eagle Electric Supply, a subsidiary of Sonepar USA, has agreed to buy Ralph Pill Electric Supply, Boston, MA.
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The company was established in 1919 by Ralph Pill, a Lithuanian immigrant. His son Alfred E. Pill has served as president for the past 50 years. RPESCO has 16 locations in Massachusetts, New Hampshire and Maine. RPESCO’s 2006 sales rank them as one of the largest independently-owned electrical distributors in New England and among the top 100 in the country.

They serve the residential, commercial and industrial markets.
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Ralph Pill Electric is known for its panel board shop, trade-marked Bee-Line Boards,” and its online lighting fixture fulfillment offering.

Don Block,&nbsp ; president of …

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July 9, 2007

Companies

Sonepar Acquires Crawford Electric Supply

Sonepar USA, Philadelphia, PA, has acquired Dallas, TX-based Crawford Electric Supply Company, Ltd. Crawford Electric had sales of $175 million in 2005, according to Electrical Wholesaling’s 2006 top 200 issue.

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The acquisition extends Sonepar USA’s reach into the fast-growing Texas market.

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Crawford has locations in Dallas, Fort Worth, Houston and San Antonio. The company offers electrical and lighting products to commercial and residential contractors.

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The purchase is Sonepar USA’s seventh acquisition in less than two years. Consistent with all Sonepar USA acquisitions, CESCO will retain its brand identity and autonomy.

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Sonepar USA is a member of the Sonepar group – a global …

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January 8, 2007

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