Rexel

From Wikipedia, the free encyclopedia

This article (or section) may need to be wikified to meet Wikipedia's quality standards.
Please help improve this article, especially its section layout, and relevant internal links. (help)
This article has been tagged since February 2007.

Rexel is a French company specializing in the distribution of electrical parts and supplies. It includes the Divisions of Page Data, Rexel Video, Ideal Electrical and John R Turk. It has offices internationally.

Chairman and CEO: Jean-Charles Pauze, since September 18, 2002.
# of US Employees: 5,000+
# of US Locations: 300+

Trade names: Rexel, Rexel Active, Rexel Calcon, Rexel Capitol Light, Rexel Chemco, Rexel CLS, Rexel Colotex, Rexel Consolidated, Rexel Davies, Rexel ESD, Rexel Glasco, Rexel Mader, Rexel Norcal Valley, Rexel Pacific, Rexel Phoenix, Rexel Ryall, Rexel Southern, Rexel Southland, Rexel Summers, Rexel Taylor, Rexel United, Rexel Wholesale

[edit] A Brief History

1986: Rexel (France), formerly CDME, acquires Southern Electric Supply, Meridian, MS.
1992: Rexel (France) buys a 30% stake in Willcox & Gibbs ("W&G") in exchange for cash and the business of Southern Electric Supply. W&G is composed of Consolidated Electric Supply, Miami, FL and of Sunbrand, a distributor of apparel parts and equipment. W&G is traded on the New York Stock Exchange.
1993: W&G acquires Sacks Electric, Cleveland, OH and Summers Group, Dallas, TX.
1994: W&G sells Sunbrand to management and becomes solely focused on the business of distribution of electrical supplies. Rexel (France) increases its stake in W&G to 40%, reaching 51% in 1997.
1995: W&G changes its name to Rexel, Inc.
1996: Rexel, Inc. acquires Cable & Connector Warehouse, Dallas, TX, a specialist in the data communications products distribution business.
1997: Rexel, Inc. acquires Southland Electric, Louisville, KY, Chemco Electric, Tampa, FL, Pacific Electric, San Leandro, CA and Taylor Electric, Portland, OR. Rexel, Inc. sells to management its specialized business of distribution of electrical supplies to utility companies.

Rexel (France) launches a successful tender offer for the 49% of Rexel, Inc. stock that it does not already own, and Rexel, Inc. becomes a wholly-owned subsidiary of Rexel (France).

1999: Rexel, Inc. acquires Norcal Electric, Redding, CA and Valley Electric, Modesto, CA.
2000: Rexel, Inc. acquires Branch Electric, Upper Marlboro, MD, Mader Electric, Sarasota, FL and Maverick Electric, Dallas, TX.
2001: Rexel, Inc. acquires Ryall Electric of Denver, CO, Commerce Electric in MD, ESCO of Asheville, NC, and the U.S. electrical supplies distribution business of Westburne, Montreal, Canada, acquired by Rexel (France) in September 2000. Acquired Active of Orlando, FL in May 2001, Quality of Poteau, OK in June 2001.
2004: Rexel, Inc. acquires Braid Electric of Nashville, TN (8 locations in Kentucky and Tennessee) in November 2004.

Rexel's parent company, PPR, signs agreement to sell its 73+% stake in Rexel to consortium of investors: Clayton Dubilier & Rice, Eurazeo, and Merrill Lynch Global Private Equity.

2005: CD&R, Eurazeo, and MLGPE acquire 100% share of Rexel, delisting it from the Paris Stock Exchange. Consortium is renamed Ray Acquisition SCA.

Rexel Inc.'s North East and Mid-Atlantic Divisions are merged to form North Atlantic Division.

2006: Rexel acquires Capitol Light & Supply Company of Hartford, CT (20 locations in 5 states) in June 2006, and creates a new operating division - the New England Division.

Rexel acquires GE Supply (to close August 2006) with approximately 140 locations in 37 states, Puerto Rico, Hungary, Ireland, and Asia. Upon close of GE Supply acquisition, Rexel establishes a dual-banner stategy in the U.S. with separate operating entities, Rexel, Inc. and GE Supply, reporting to a newly created Rexel U.S. holding company.