REXEL
Paris : RXL

February 01, 2012 12:56 ET

Rexel : Rexel Reinforces Its Presence in Canada Through the Acquisition of Liteco

PARIS, FRANCE--(Marketwire - Feb 1, 2012) -



REXEL REINFORCES ITS PRESENCE IN CANADA THROUGH THE ACQUISITION OF LITECO

Rexel, a global leader in the distribution of electrical supplies, announces the acquisition of Liteco, the largest independent distributor of electrical supplies in the Canadian Maritimes region.

This acquisition complements Rexel's position in Canada, one of the world's largest markets, and is consistent with Rexel's strategic aim of strengthening its market share in key mature markets.

Liteco

Founded in 1976, Liteco is the largest independent distributor of electrical supplies in the Canadian Maritimes region. Operating from 13 branches located in the provinces of New Brunswick, Nova Scotia and Prince Edward Island, Liteco posted sales of c. EUR50 million in 2011 and its profitability is in line with Rexel's operations in the country. Liteco employed c. 120 people at December 31, 2011. Liteco serves a large base of customers in the residential, commercial, industrial and marine sectors. It provides its customers with a broad offer of products sourced from a large and diversified base of suppliers. This acquisition will be consolidated as from January 1(st), 2012 and will be accretive as from the first year.

Rexel in Canada

Rexel is the largest electrical distributor in Canada. Operating from over 200 branches located across Canada, Rexel provides products and services to the commercial, industrial and residential end-markets. In 2011, Rexel's Canadian operations contributed c. EUR1.2bn to the Group's consolidated sales and posted double-digit organic growth (+11.4%).







Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential. The Group operates in 37 countries, with a network of some 2,200 branches, and employs 28,000 people. Rexel's sales were EUR12.0 billion in 2010. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, FTSE4Good and STOXX600.

For more information, visit Rexel's web site at www.rexel.com


PR_Liteco: http://hugin.info/143564/R/1581965/494190.pdf




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Source: REXEL via Thomson Reuters ONE

[HUG#1581965]

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