Jean-Charles Pauze, Chairman and CEO of Rexel said, "By welcoming this highly valuable company within the Group, Rexel will double its presence in the U.S. with nearly $5 billion in sales and reinforce its leadership in the world's largest and fast growing electrical distribution market. The acquisition of GE Supply not only increases our presence in the U.S. but demonstrates Rexel's ability to drive consolidation of the industry. This value enhancing investment is a logical step forward and validates the attractiveness of our business model. "