Rexel To Acquire U.S. Specialty Wire And Cable Firm GCG In $1.4 Bln Deal

French electrical-products distributor Rexel agreed to acquire U.S. specialty wire and cable provider GCG from Audax Private Equity in a transaction valuing GCG at approximately $1.4 billion. The deal expands Rexel's presence in the U.S. specialty wire-and-cable market and is likely material for the company's strategic growth profile.