Rexel announces the completion of Mayer acquisition in the United States

Rexel announces the completion of Mayer acquisition in the United States

(PRESS RELEASE) PARIS, 9-Nov-2021 — /EuropaWire/ — Rexel (EPA: RXL), a French company active in the multichannel distribution for the energy world, has announced the completion of the acquisition of 100% of Mayer, one of the largest wholesale distributors of electrical products and equipment in the US. The deal represents a new strategic step to strengthen the company’s presence in key markets.

Headquartered in Birmingham, Alabama and founded in 1930, Mayer operates 68 branches in 12 states, with a strong presence in Alabama, Florida, Georgia and Pennsylvania. It counts 1,200 employees and generated turnover of USD1.2bn over the last twelve months through end-August 2021.

ABOUT REXEL GROUP
Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, addresses three main markets – residential, commercial and industrial. The Group supports its residential, commercial and industrial customers by providing a tailored and scalable range of products and services in energy management for construction, renovation, production and maintenance.

Rexel operates through a network of more than 1,900 branches in 25 countries, with more than 24,000 employees. The Group’s sales were €12.6 billion in 2020.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600.

Rexel is also part of the following SRI indices: FTSE4Good, Dow Jones Sustainability Index Europe, Euronext Vigeo Europe 120, STOXX® Global ESG Environmental Leaders, 2021 Global 100 Index, S&P Global Sustainability Yearbook 2021, in recognition of its performance in terms of corporate social responsibility (CSR). Rexel is rated A- in the 2020 CDP Climate Change assessment and ranked in the 2020 CDP Supplier Engagement Leaderboard.

For more information, visit www.rexel.com/en.

Media contacts:

FINANCIAL ANALYSTS / INVESTORS
Ludovic DEBAILLEUX
+33 1 42 85 76 12
ludovic.debailleux@rexel.com

PRESS
Brunswick: Thomas KAMM
+33 1 53 96 83 92
tkamm@brunswickgroup.com

SOURCE: Rexel

EDITOR'S PICK:

Comments are closed.