Graybar acquires CX Connexion
Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, has completed the acquisition of CX Connexion, based in Buffalo Grove, Illinois.
CX Connexion is an electrical distributor that serves construction, commercial, institutional and industrial customers, with specialized capabilities in lighting and equipment design and a comprehensive solutions platform. The company was founded in 2007 and operates two locations in the Chicago area. As a subsidiary of Graybar, the company will continue to operate under the CX Connexion name with the same leadership team, employees, and suppliers.
"We are excited to welcome the CX Connexion team to Graybar," said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. "With its positive reputation and extensive service capabilities, we believe the acquisition of CX Connexion provides a solid foundation for accelerating our growth in the Chicago market."
"CX Connexion and Graybar have similar core values, a shared focus on innovation, and a commitment to the future of our industry," said David Rosenstein, president and chief executive officer of CX Connexion. "Becoming part of Graybar allows us to preserve the strengths of our culture, while expanding our ability to serve customers, invest in growth and position our company for long-term success."
Graybar is a Fortune 500 corporation and one of the largest employee-owned companies in North America.
INDUSTRIAL SUPPLY MAGAZINE
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