Rexel sells further units to Würth
Rexel is continuing the process of getting rid of its unprofitable national companies, as already reported several times by electro-insider.
Now its firms in Poland (Elektroskandia Polska), Slovakia (Hagard Hal) and Estonia (Elektroskandia), have been sold off, representing a turnover in the region of EUR 153 m in 2015.
With this sale Rexel has now hived off 60% of the activities which it plans to sell by the end of 2016.
The transaction still remains to be approved by the cartel authorities.