AIAC’s D2A ACQUIRES SFGP FROM SONEPAR FRANCE
For Immediate Release
Paris, 29, February 2024 - AIAC’s affiliate, D2A Group (www.d2asia.asia), an international multi-channel distribution network of technical products and services, has announced that it has reached an agreement to acquire SFGP Sigmadis-Cadelec (www.sfgp-sigmadis-cadelec.fr), the French consumer distribution subsidiary of Sonepar (www.sonepar.com), the world’s leading global distributor of electrical products, systems, and related services.
SFGP is the French market leader in distributing electrical and home automation products to small, medium and large DIY stores. Over 2,000 retail outlets benefit from SFGP's multi-brand offering, based on strong partnerships with the world's leading electrical equipment manufacturers. This includes more than 7,000 product references in a wide range of categories: electrical equipment, lighting, fittings, wires and cables, home automation, ducts, heating, batteries, and communication-security systems.
With this important acquisition, AIAC companies now have 42 manufacturing or distribution sites in France. These companies serve every significant corporation and all end consumers within the country.
Upon the completion of this acquisition transaction, L. M. Levie, Chairman of AIAC, stated “We are honored and delighted by our acquisition of SFGP from Sonepar, among the largest and best managed private companies in France.” He added, “This transaction marks our third acquisition this year in France, and adds to our substantial presence in this country, where we have been active and enthusiastic investors for many years. Under the Macron administration, the business climate is particularly warm and welcoming. France is a dynamic an energetic nation which is open for business.”
About D2A
D2A Holdings and its affiliates (“D2A”) are Singapore-based international networks of distribution companies offering market access services to more than 60 iconic global brands in Southeast Asia, China, Oceania, and Central Europe. D2A has grown rapidly in Asian markets by acquiring distribution businesses in numerous markets, including oil and gas, retail, public and private construction, and infrastructure. It acquired Shiro Pacific (SPL), a premium brand distributor with a presence in Thailand, China, Malaysia, Hong Kong, Singapore, Australia, and Vietnam. D2A and SPL own shares in Shiro Holding Australia, which represents renowned brands such as Omega, Robinhood Kitchen, Everdure BBQs, Casio and Pioneer. With over 30 years of experience, D2A brings together the global distribution companies of the AIAC group.
For further information: www.d2asia.asia
About AIAC
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with manufacturing and distribution sites in 24 countries in North America, Europe, and Asia. AIAC has acquired and grown non-core subsidiaries and divisions of Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, Ahlstrom, Tolko, Groupe Suez, Groupe Rexel, and many other leading multinational corporations.
AIAC Corporation manufacturing companies serve companies and governmental entities worldwide in all major sectors, including aviation, space, defense, automotive, truck, rail, marine, petrochemical, solar, nuclear, food, confectionary, beverage, civil engineering and infrastructure, commercial construction, mining, dredging, disaster relief, education, medical devices, and pharmaceuticals. AIAC companies manufacture materials, components, assemblies, packaging, equipment, and finished products. In addition, AIAC companies are exclusive, authorized distributors of leading branded industrial materials, products, and equipment throughout Southeast Asia, Australia, and New Zealand.
Of note, AIAC purchased Boeing Canada in 2005, and has produced over 10,000 unique components for every Boeing jet plane ever since, reliably serving Boeing from manufacturing facilities in North America. A leader in ultra high precision jet engine component manufacturing, AIAC companies also produce 2,200 fan blades and blisks for each jet engine produced by GE, Pratt & Whitney, Rolls Royce, and Honeywell. AIAC companies produce the critical automotive wire and cable for Tesla, GM, Ford, Chrysler-Fiat, Toyota, and Nissan. In connection with its paper manufacturing interests, AIAC controls and sustainably manages 22 million acres of Manitoba, Canada forestland, an area equivalent in size to the nation of Hungary.
About AIAC Philanthropy
AIAC and the AIAC Foundation support a wide range of nonprofit, nonsectarian, bipartisan organizations which promote international conflict resolution, disaster relief, economic development, and environmental sustainability. These nonprofit organizations include the following: the Appeal of the Nobel Peace Laureates Foundation Inc., the Asia Society, the Atlantic Council, the Bill and Melinda Gates Foundation - Gates Philanthropy Partners, the Bretton Woods Committee, the Carnegie Endowment for International Peace, the Carter Center, the Council on Foreign Relations, the Economic Club of New York, the Explorers Club, the Foreign Policy Association, the Institut Française des Relations Internationales, the International Committee of the Red Cross, the International Crisis Group, the International Rescue Committee, the Japan Society, the JFK School of Government of Harvard University, the Peterson Institute for International Economics, the Richardson Center for Global Engagement, the Royal Institute of International Affairs (Chatham House), the Sierra Club, and the Trilateral Commission, among others.
For further information, see:
https://www.aiac.com/our-values
About Sonepar
Sonepar is an independent, family-owned company with global market leadership in B-to-B distribution of electrical products, solutions and related services. Drawing on the skill and passion of its 44,000 associates, Sonepar had sales of €32.4 billion in 2022. Sonepar has a presence in 40 countries in Europe, North and South America. It has the largest markets in Asia with 80 subsidiary companies, including Melexa S.A., Springfield Electric and CGE distribution SAS.
Sonepar is committed to ethical and social responsibility in every country in which it operates. For instance, Through Sonepar USA Care Foundation, the company has worked with several charitable organizations, such as the Leukemia & Lymphoma Society, Autism Speaks, and Toys for Tots, amongst others. Sonepar is equally dedicated to environmental responsibility and has plans to invest over $3 billion in modernizing supply chains and global digital platforms to reduce carbon emissions and contribute to clean energy transitions.
For further information: www.sonepar.com
