SHELTON, CONN., May 4, 2007 - Gexpro is the new brand name of the GE Supply business. Announced today, the name-change follows the acquisition of GE Supply by Rexel, the number one worldwide distributor of electrical supplies. Rexel acquired GE Supply from the General Electric Company in August, 2006 and the name change is part of an ongoing transition. Gexpro will continue to operate as an independent Rexel banner in the U.S.
According to Jeff Schaper, President and CEO of the $2.7 billion U.S.-based unit, "We are excited by the opportunity to establish the Gexpro name and continue to provide our customers with the broadest base of products and support in the industry. The Gexpro brand builds on over 100 years of GE Supply excellence while reinforcing our commitment to our core values of professionalism, accountability, customer-focus, experience and integrity."
The new brand is being announced to employees today and will be formally unveiled at the national meeting of the National Association of Electrical Distributors in Washington D.C. on May 6, 2007. The brand change to Gexpro will be phased-in throughout the current GE Supply locations worldwide.
Gexpro (GE Supply) is a full-line, international distributor of electrical parts, power generation products, voice and data equipment, fasteners and security equipment, with $2.5 billion (U.S) in 2006 annual revenues. Gexpro and its subsidiaries employ more than 2,500 people in the U.S., Europe, the Middle East, Southeast Asia, and China. In Ireland it will continue to do business as Kellihers Electrical.
Gexpro serves electrical contractors, industrial and commercial users, engineer constructors, OEMs, utilities and the aerospace industry. Headquartered in Shelton, Connecticut, the business operates through over 170 locations in the U.S., Puerto Rico, Europe, the Middle East, Southeast Asia and China. In addition, Gexpro has an integrated logistics management business, a Global Sales Center, Tech Center, Product Specialist Network, 24-hour internet ordering and e-Commmerce services, a Parts Super Center and 24-hour emergency services. Gexpro distributes products and parts from GE and over 200 leading manufacturers.
About Rexel Group
Rexel is the number one worldwide distributor of electrical supplies, serving three main end markets: industrial, commercial and residential. The Group is present in 27 countries, with a network of 1,930 branches and employs 25,300 people. Rexel's sales were 9.3 billion EUR in 2006. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity.
Since April 4, 2007, Rexel has been listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203).
For more information visit Rexel's website at www.rexel.com
Brad Greene, Gexpro
Email after June 1: Brad.Greene@gexpro.com
Laetitia Olivier, Rexel Group
Tel: + 33 1 42 85 59 89