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Distributor Acquisitions Dominate Industry Headlines In 2007
By: Jim Lucy, EW
With more than 30 distributor deals, and 19 manufacturer acqusitions, EM’s editors had plenty to write about in 2007. Here are our picks for the most interesting news stories of 2007.
Rexel, Sonepar and Consolidated Electrical Distributors (CED) lead another busy year for distributor acquisitions. The largest deal of them all was Rexel’s $4.5 billion buyout of its global rival Hagemeyer, and its subsequent sale of Hagemeyer’s U.S. operations to Sonepar, another global competitor. After the dust cleared, Rexel had added locations throughout Europe, gained an estimated $5.2 billion in sales, and solidified its position as the world’s largest distributor. Sonepar gained more than $500 million in sales and strengthened its coverage in the eastern United States with locations in the Carolinas, where it had wanted to grow, and in Maryland, West Virginia, and western Pennsylvania. The purchase also bolstered Sonepar’s industrial business.
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Industry Calendar
Jan. 21-24, 2009 NAED Western Region Conference: Palm Desert, Calif.; National Association of Electrical Distributors (NAED), (314) 991-9000, www.naed.org
Feb. 25-28, 2009 NAED South-Central Region Conference: Orlando, Fla.; NAED, (314) 991-9000, www.naed.org
March 10-14 Electronic House Expo Spring 2009: Orlando, Fla.; EH Publishing, 508-663-1500, www.naed.org
March 17-20 Electric West Conference: Las Vegas, Penton Media Exhibitions, 203-358-3704, www.electricshow.com
March 18-21 NEMRA Annual Conference: Orlando, Fla.; National Electrical Manufacturers Representatives Association, 800-446-3672, www.nemra.org
April 19-23 NAILD Convention: Scottsdale, Ariz.; National Association of Independent Lighting Distributors (NAILD), 716-875-3670, www.naild.org
April 20-23 A-D Electrical Supply Division Network Meeting: Houston; Affiliated Distributors (A-D), 610-977-3100, www.mya-d.net
April 29-May 1 2009 Equity/EDN Annual Meeting: Dallas; Equity/EDN Electrical Associates; 800-373-1894, www.equityedn.org
May 3-4
Lightfair International:
New York; AMC Inc.; 204-220-2004, www.lightfair.com
May 4-7
Windpower 2009 Chicago:
American Wind Energy Association (AWEA); 202-383-2512
May 16-20
NAED National Electrical Leadership Summit:
Fort Lauderdale, Fla.; NAED; 888-791-2512; www.naed.org
June 28-July 1
Women in Industry Forum:
Santa Fe, N.M.; NAED; 888-791-2512; www.naed.org
July 30-August 1
NAED LEAD Conference:
Orlando, Fla.; NAED; 888-791-2512; www.naed.org
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