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.