| | |

Sonepar to Sell Vallen North America to Nautica Partners

Sonepar 125x86

Sonnepar 400x275

Vallen’s businesses in Asia are unaffected by this transaction and will remain part of the Sonepar Group. In 2021, Vallen North America recorded sales of around $1.7 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.

Related Articles

Latest Articles

  • WAC Group Appoints Greg Barrett Director of Commercial Lighting Systems

    WAC Group Appoints Greg Barrett Director of Commercial Lighting Systems

    On the heels of launching its commercial specification-grade WAC Architectural brand this month, WAC Group has appointed Greg Barrett as director of commercial lighting systems. Barrett has more than 20 years of experience in lighting and control systems, working for companies such as Savant, USAI Lighting, Ecosense, and Ketra in roles that range from product management and specifier development Read More…

  • Sonepar’s North Coast President Cory McCulloch Retires

    Sonepar’s North Coast President Cory McCulloch Retires

    Seattle-based North Coast Electric, a subsidiary of Sonepar, has announced the retirement of President Cory McCulloch, following a distinguished career spanning four decades with the company and within the electrical distribution industry. McCulloch began his career at North Coast in 1985 as a truck driver, advancing through roles in counter, inside and outside sales, as Read More…