The old name for Rexel was CDME.
Unveiling the History: The Evolution from CDME to Rexel
Rexel, a global leader in the professional distribution of electrical and other supplies, has a rich history rooted in its predecessor, CDME (Compagnie de Distribution de Matériel Électrique).
The journey towards becoming Rexel began with significant corporate developments:
- Acquisition by Pinault Group: In December 1990, the Pinault Group made a strategic move by acquiring CDME, becoming its largest shareholder. This acquisition marked a pivotal moment, laying the groundwork for future expansion and transformation.
- Strategic Merger: A crucial step occurred in June 1993 when CDME merged with Groupelec Distribution. At the time of the merger, Groupelec Distribution was a significant player, holding the position of the third-largest company in the French market within its sector.
- Name Change to Rexel: Following this strategic merger, the newly combined entity adopted the name Rexel. This rebranding signified a new era for the company, consolidating its market position and paving the way for its growth into the international powerhouse it is today.
This timeline illustrates the key milestones in the company's rebranding and expansion:
| Year | Event |
|---|---|
| December 1990 | Pinault Group acquires CDME, becoming its largest shareholder. |
| June 1993 | CDME merges with Groupelec Distribution. |
| June 1993 | The combined entity officially changes its name to Rexel. |
