By Anthony Capkun
February 28, 2022 – Sonepar announced it has entered into an agreement to sell Vallen Distribution Inc. to Nautic Partners. The sale will include all Vallen North American business (U.S., Canada and Mexico), which is focused on industrial MRO and integrated supply services.
“Sonepar’s decision to divest Vallen North America came after a strategic evaluation regarding the best path forward for Vallen and its associates,” said Philippe Delpech, Sonepar CEO, adding the company will continue its focus on the growth and performance of its core electrical distribution businesses around the world.
Vallen’s businesses in Asia are not impacted by this transaction, and will remain part of the Sonepar Group.
The sale is anticipated to close within a few months, following customary regulatory approval.