At the beginning of June 2019, Würth acquired the electrical wholesalers Electro-Stocks,

At the beginning of June 2019, Würth acquired the electrical wholesalers Electro-Stocks, headquartered in Barcelona and 56 branches. The group also includes the companies Kilovatio and the newly established company Fluid-Stocks. In total, there are now about 65 branches with a turnover of approx. 300 m EUR.

Electro-Stocks was founded in 1981 and was taken over in 2016 after some financial turbulences by the British investment company Apax Partners.

Mid-2018, Electro-Stocks has started a new business model; under the brand "Fluid-Stocks", they will concentrate exclusively on climate, plumbing and professional refrigeration.

With this new acquisition, Würth is now, after Rexel and Sonepar, the number 3 of the electrical wholesale groups in Spain.

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12
Jun

Atlanta-based HD Supply, one of North America's largest industrial wholesalers,

Atlanta-based HD Supply, one of North America's largest industrial wholesalers, achieved 1.49 bn USD (1.32 bn EUR) in revenue in the first quarter of 2019, 7.5% more than a year ago; operating income increased  19 m USD ( 16.8 m EUR) from  151 m USD (133 m EUR) to  170 m USD (150 m EUR).

Net income for the quarter was 107 m USD (94.5 m EUR), up 20.2%.

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09
Jun

Rockwell Automation has elected Pam Murphy to its board of directors at the beginning of June.

Rockwell Automation has elected Pam Murphy to its board of directors at the beginning of June. Murphy works for the software company Infor as COO.

Having worked in a variety of areas including finance, sales and consulting in Europe and North America, Pam’s expertise in technology and international business operations will greatly benefit Rockwell Automation.

Prior to joining Infor, she was with Oracle Corp. and Arthur Andersen. 

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28
May

Fegime, based in Cernusco sul Naviglio / MI, has a new managing director

Fegime, based in Cernusco sul Naviglio / MI, has a new managing director in Francesco Redaelli; he succeeds Claudio Albertini.

Fegime has 21 members in Italy with a total of 78 branches. In March, the Mega-group, based in Vasto, has joined Fegime. The Mega group consists of the 6 wholesalers De Gregorio, D'Elpidio, Eurolux, G.F. Elettronica, Serafini, and Elettro Center.

The Mega-group is run by M. di Lello, the owner of Elettro Center. The turnover of the group is approx. 16 m EUR.

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Finder has reorganized its distribution. Dirk Rauscher (53)

Finder has reorganized its distribution. Dirk Rauscher (53) was appointed Sales Director and Sven Kappe (45) was appointed Sales Director Germany. Before Kappe was Head of Sales and Distribution. Rauscher is also chairman of the working group ‘Relays, switch gear, and industrial control’ within the association ZVEI.
Finder designs, manufactures and sells electromechanical relays for the industry and installation equipment for buildings.

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20
May

As we learned today, Rexel has sold its three Chinese companies,

As we learned today, Rexel has sold its three Chinese companies, Luckywell International Investment Ltd. and Beijing Luckywell Electrical Co., Ltd. on 31.1 2019 and Shanghai Maxqueen Industry Development Co. ltd. on 30.4.2019. To whom was not communicated.

 

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