PARIS, France, and LOUISVILLE, KY, U.S. - July 11, 2006 - The Rexel Group (Rexel), the world's leading distribution network of electrical supplies, and GE Consumer & Industrial, a unit of General Electric (NYSE:GE), today announced the signing of an agreement for Rexel to acquire GE Supply, GE's electrical distribution business. The acquisition, for a total consideration of U.S. $ 725 million, will continue Rexel's leadership in the consolidation of the electrical distribution industry.