WAS IT A DIFFICULT MOVE FOR REXEL TO SELL HAGEMEYERS U.S. LOCATIONS TO SONEPAR?
The main objective was to strengthen our position in Europe, and the easiest way to do it was to pass on the United States and avoid antitrust issues. Don’t get me wrong — the United States is a leading market for Rexel and we still hold the leading position, post-transaction, based on us acquiring Gexpro, or GE Supply, as it was called at the time of the acquisition.
