Rexel agrees to acquire wire and cable distributor GCG in $1.4 billion deal
The electrical supplies and services distributor Rexel announced that it plans to acquire the specialty wire and cable distributor GCG in a deal that could bolster revenue for the new parent company. Rexel, which is headquartered in France, valued GCG at $1.4 billion in the transaction, according to a Rexel press release. The company has […] The post Rexel agrees to acquire wire and cable distributor GCG in $1.4 billion deal appeared first on Digital Commerce 360.
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The electrical supplies and services distributor Rexel announced that it plans to acquire the specialty wire and cable distributor GCG in a deal that could bolster revenue for the new parent company. Rexel, which is headquartered in France, valued GCG at $1. 4 billion in the transaction, according to a Rexel press release.
The company has made previous acquisitions in recent years, spanning Europe and North America. Now, GCG stands to bring as much as $1. 1 billion in additional annual revenue to Rexel. GCG’s own acquisitions over its past seven years of expansion have included United Wire & Cable, CableMaster, RWL, Paige and Allied Wire & Cable.
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