REXEL ANNOUNCES DISPOSAL OF A NON-CORE BUSINESS, HCL ASIA | 25 Feb 2010

Rexel announces the sale of HCL Asia, one of the three activities of its Agencies Consumers Electronics (ACE) division1, to the DKSH Group, a privately held Swiss company and the leading Market Expansion Services provider with a focus on Asia.

HCL Asia, headquartered in Hong Kong, distributes luxury products such as watches, skin care products and other fashion-related products in Asian countries through a network of 54 sales outlets as a wholesaler and duty-free agent.

This business was non-core for Rexel, a global leader in the distribution of electrical supplies, and generated sales of €42 million in 2009 (out of total Group sales of €11.3 billion).