Rexel is pleased to announce that it has entered into an agreement to buy Mayer, a major distributor of electrical products and services operating in the Eastern part of the United States.
This acquisition is fully in line with the strategy and financial objectives Rexel presented at its Strategic Update last February, when we said that we would resume bolt-on acquisitions, notably to strengthen our leading position in key markets.
This move is an important step in expanding Rexel’s footprint in the US, the world’s leading market for electrical supplies
Headquartered in Birmingham, Alabama, Mayer operates 68 branches in 12 states, with a strong presence in Alabama, Florida, Georgia and Pennsylvania. It employs 1,200 employees and generated sales of $1.2bn over the last twelve months through end-August 2021. Its customers are primarily in the commercial and industrial end-markets.
“The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key pillar of our strategy. The two companies’ strengths in the regions where Mayer operates are very complementary and should allow for a smooth integration.”
Guillaume Texier, CEO of Rexel