We have advised Rexel France, global energy products distributor, on the sale to Groupe HBF of its subsidiary Dismo France, a company active in the distribution of electrical equipment, heating and lighting consumer products mainly to DIY stores.
Rexel is a global player in the multichannel distribution of energy products and services to electricity professionals in the industrial, residential and commercial sectors, with 24,000 employees in 25 countries via almost 1,900 branches, generating €12.6bn revenue in 2020. Rexel is listed on Eurolist Euronext Paris (compartment A).
Founded in 1998 and based in Saint-Ouen-l'Aumône (Val d'Oise), Dismo France is a subsidiary of Rexel France active in the wholesaling of consumer-oriented electrical equipment including protection, branching, switchgear, fixing, and cables, heating and lighting products mainly to DIY stores as well as retailers and e-commerce platforms. Dismo France relies on its logistics warehouse in Saint-Ouen-l'Aumône, with nearly 5,000 references managed. The company generated approximately €33m sales in 2020.
Dismo France joins Groupe HBF, active in the electrical equipment wholesaling market for 25 years, specialised in electrical equipment, lighting as well as security and home automation systems, via nearly 5,000 references managed. The group serves all players in the home-improvement market including DIY stores and specialised retailers and a large share of food retailers, with strong roots in France as well as in China, Spain and Poland, generating nearly €70m sales in 2021.
This transaction is in line with the strategy of Groupe HBF to expand its commercial network in France and diversify its products offering. The acquisition of Dismo France will allow Groupe HBF to consolidate its activity in historical distribution channels such as large and medium-sized DIY stores and to expand into trading. Furthermore, Groupe HBF will benefit from Dismo France’s expertise in complementary businesses such as heating products.
