French electrical supplier Legrand reported sales were up 10.5% in 2007, with profit up 67%.
Recent acquisitions added 3.6% in growth, and variations in exchange rates, mainly the euro vs. the dollar, had a negative impact of 1.8%. In the past three years, Legrand has acquired 15 companies, including six in 2007, representing annual sales of more than half a billion euros.
In 2008, Legrand has announced the acquisition of PW Industries, a U.S. firm specialized in ceiling cable tray systems for commercial and industrial sectors. In 2007, PW Industries reported sales of $32 million.
In the U.S. and Canada, Legrand posted a 4.2% increase in sales in the second half of 2007 for a full-year increase of 1.6%. This reflected the continuation of moderate …
Legrand Posts 10.5% Sales Jump in 2007
French electrical supplier Legrand reported sales were up 10.5% in 2007, with profit up 67%.
Recent acquisitions added 3.6% in growth, and variations in exchange rates, mainly the euro vs. the dollar, had a negative impact of 1.8%. In the past three years, Legrand has acquired 15 companies, including six in 2007, representing annual sales of more than half a billion euros.
In 2008, Legrand has announced the acquisition of PW Industries, a U.S. firm specialized in ceiling cable tray systems for commercial and industrial sectors. In 2007, PW Industries reported sales of $32 million.
In the U.S. and Canada, Legrand posted a 4.2% increase in sales in the second half of 2007 for a full-year increase of 1.6%. This reflected the continuation of moderate …
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