Sonepar Enters Into an Agreement to Sell Vallen North America

CEW-28-Sonepar-VallenSale-400.jpg

March 1, 2022

Sonepar has announced it has entered into an agreement to sell Vallen Distribution, Inc. to Nautic Partners. The sale will include all Vallen North American business (USA, Canada and Mexico), which is heavily focused on industrial MRO and integrated supply services.

Vallen’s businesses in Asia are not concerned by this transaction and will remain part of the Sonepar Group. In 2021, Vallen North America recorded sales of around €1.6 billion and employed 4,200 associates.

“Sonepar’s decision to divest Vallen North America came after a strategic evaluation regarding the best path forward for Vallen and its associates,” stated Philippe Delpech, Sonepar CEO. “Going forward, Sonepar will continue its focus on the growth and performance of its core electrical distribution businesses around the world, making significant investments to grow the business organically and through acquisitions and to expand offerings of services, solutions and products.”

The sale is anticipated to close within a couple of months, following customary regulatory approval.

Source

Related Articles


Changing Scene


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…