Rexel To Acquire US Distributor GCG For $1.4 Bln

By Reuters News

Sept 25 (Reuters) - Rexel SA RXL.PA:

  • REXEL AGREES TO ACQUIRE GCG, LEADING US INFRASTRUCTURE DISTRIBUTOR

  • GCG EXPECTED TO REACH OVER USD 1.1 BILLION REVENUE IN 2026

  • GCG EXPECTED TO GENERATE 11% EBITA MARGIN IN 2026

  • TO ACQUIRE GCG FOR USD 1.4 BILLION ENTERPRISE VALUE

  • TO FINANCE GCG ACQUISITION WITH EUR 800 MILLION CASH AND DEBT

  • TO MAINTAIN DIVIDEND POLICY WITH MINIMUM 40% PAYOUT RATIO

  • EXPECTS GCG ACQUISITION TO CLOSE BY END OF 2026

Source text: Full press release

Further company coverage: RXL.PA

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