Niedax Group Expands in North America

CEW-32-Niedax-AmericaExpansion-400.jpg

July 21, 2022

Recently, Niedax Group was pleased to announce the acquisition of Canadian Electrical Raceways effective June 30, 2022.

With this acquisition, the Group has been able to further expand its presence in North America and is now one of the best represented companies in the regional cable management market with eight locations in the US, Canada and Mexico.

“Thanks to this strategic investment, we achieved another milestone and are now well positioned to meet our ambitious goals in North America. Canadian Electrical Raceways shines through its broad product portfolio, very competent team and close customer relationships in forward-looking industries,” says Bruno Reufels, CEO of Niedax Group visibly pleased. “We are convinced that we can now hit the ground running in the Canadian market and look forward to our joint future,” he adds.

Al Lawrence, President and Founder of Canadian Electrical Raceways, emphasized, “We are very pleased to have found a strong partner in Niedax Group, who will join us in ushering in a new, very successful era.”

Source

Related Articles

Changing Scene

  • AD and The Commonwealth Group Announce Intent to Merge

    AD and The Commonwealth Group Announce Intent to Merge

    In a move that is expected to positively impact the future of independent PHCP distribution in the United States, AD and The Commonwealth Group (TCG) announce their intent to merge. The AD Board of Directors and the TCG Board of Directors are pleased to jointly announce that after many months of confidential discussions and extensive… Read More…

  • Hammond Power Solutions Provides Update on U.S. Tariff Changes

    Hammond Power Solutions Provides Update on U.S. Tariff Changes

    Hammond Power Solutions Inc. has determined that the recently expanded U.S. tariffs on steel and aluminum derivative products apply to certain materials and components included in many of the Company’s products. The Company expects these tariffs to have a relatively uniform impact across its industry and will work collaboratively with its customers and suppliers to… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound