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.”