Sonepar Acquires CioffiRenato in Italy


August 4, 2022

Sonepar has officially signed an agreement for the acquisition of 100% of shares in CioffiRenato.

Founded in 1974, CioffiRenato is a company active in the distribution of electrical material operating in the Lecce province, with its headquarters in Casarano.

In 2021, with its two branches serving all the area, the company recorded sales of around €10 million. It employs 17 associates and 2 sales representatives.

Thanks to this acquisition, Sonepar, already present in Puglia with six branches, will strengthen its business in the region.

“CioffiRenato is a well-known company for the quality of the service provided to customers. Now that the two branches will become part of the Sonepar Group, they will benefit from new services, enhanced assortments, and a renewed and strong presence in the area. We will operate in synergy and continuity with what the Cioffi family has done so far. Puglia is a key region, a driver for growth for the entire south division; a few years ago, we invested in improving the distribution center in Modugno (BA), which serves all the provinces in a capillary and efficient manner”, stated Sergio Novello, President, Sonepar Italia.

“We are delighted that our company, founded 48 years ago and strongly rooted in our territory, has the opportunity to enter the largest organization for the distribution of electrical material, in Italy and in the world. We know the potential of this Group and we appreciate the development strategy in the Lecce province, guaranteeing continuity to the business”, commented Renato Cioffi, Chairman, Carlo Cioffi, CEO and Sales Director, and Roberta Cioffi, Board Member and Back-Office Manager.


Related Articles

Changing Scene

  • Rexel Announces Changes to Group Executive Committee

    Rexel Announces Changes to Group Executive Committee

    December 1, 2023 Rexel today announced the appointment of Roger Little as Chief Executive Officer (CEO) for the USA and leader of the USA-Canada cluster, effective December 18, 2023. Roger Little has been CEO of Rexel Canada since March 2014 and will succeed Brad Paulsen as CEO of Rexel USA as Mr. Paulsen leaves the… Read More…

  • Hammond Power Solutions Declares Quarterly Dividend

    Hammond Power Solutions Declares Quarterly Dividend

    The Board of Directors of Hammond Power Solutions Inc. declared a quarterly cash dividend of fifteen cents ($0.15) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of fifteen cents ($0.15) per Class B Common Share of HPS payable on December 15, 2023, to shareholders of record at the close of… Read More…

Peers & Profiles

  • Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…