New Rexel Brand Reflects Commitment to Solutions-based Growth
Rexel Holdings USA plans to lead industry in both growth and added value through organic initaves and synergistic, strategic acquisitions
DALLAS, February 22, 2011 - Rexel, a global leader in the distributon of electrical supplies, today announced a new name in the USA. "Rexel Holdings USA" reflects the business' evoluton into a technology-savvy solutons channel for electrical, datacomm and energy-smart products and services. As Rexel's operatng headquarters in the US, the company actvely manages the operatons of its customer-facing brands: Rexel, Inc., Gexpro, Gexpro Services, Capitol Light & Supply and Parts Super Center. Rexel Holdings USA had been called IESC (Internatonal Electric Supply Corporaton).
"Rexel Holdings USA collectvely harnesses the resources and best practces that are growing our service- and solutons-based businesses across the US," said Chris Hartmann, executve vice president and CEO of Rexel Holdings USA. "We are giving our customers proven advantages that go far beyond traditonal order-ship-bill business models. Just like new thinking and technologies are creatng products that improve how we use and save energy, we are delivering new thinking and technologies to move those products to market more efficiently and effectvely than ever before." Hartmann had been executve vice president and CEO of IESC since joining the company in 2008.
The customer-facing brands focus their resources on specific targeted market segments. So whether a commercial, industrial or residental customer has constructon, modernizaton, maintenance or energy-saving needs, there is an expert, experienced solutons team with the right answers and services. The complementary business models of the commercial brands deliver solutons that address customer needs and improve results across the electrical market. To fulfill its vision for sustainable growth, Rexel Holdings USA contnuously seeks to supplement organic initatves with acquisitons that can increase the value of its energy, communicatons, constructon and supply-chain solutons.
The company is headquartered in Dallas, Texas.
Rexel Holdings USA: 14951 Dallas Parkway, Dallas, TX 75254 - USA Tel.: (972) 387 3600 - www.rexelholdingsusa.com
About Rexel Holdings USA Corp.
Rexel Holdings USA Corp. is the US operatng unit of Rexel SA, the largest electrical distributor in the world. Through its commercial brands - Rexel, Inc., Gexpro, Gexpro Services, Capitol Light & Supply and Parts Super Center - Rexel Holdings USA Corp. represents one of the largest electrical distributon companies in the US. The company combines global and local resources to provide innovatve electrical, renewable-energy, supply-chain and technology solutons and services to commercial, industrial and residental markets. The operaton employs nearly 5,000 people in over 350 locatons.
About Rexel SA
Rexel, a global leader in the distributon of electrical supplies, serves three main end markets: industrial, commercial and residental. The company operates in 36 countries, with a network of some 2,200 branches and employs 28,000 people. Rexel's sales were EUR12 billion in 2010. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, tcker RXL, ISIN code FR0010451203). It is integrated in the following indices: SBF 120, CAC Mid 100, SBF 250, CAC AllShares and FTSE EuroMid. For more informaton, visit Rexel's web site at www.rexel.com
Contact:
Harry McBrien
Maier Communicatons
+ 860-677-4581
harry@maier.com
Karen Warlin
Rexel Holdings USA
+ 630-718-6592
karen.warlin@rexelholdingsusa.com
