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Birmingham Post

Business

Jon Robinson

Footasylum owner agrees to sell components distributor Distrelec for €365m

Footasylum Aurelius RS Group RS

The owner of Footasylum has agreed to sell a components distributor headquartered in Manchester for €365m.

RS Group is to buy Distrelec from Aurelius Equity Opportunities in a deal that is expected to be completed in the third quarter of this year.

Distrelec moved its headquarters to Manchester in April 2020, having been founded in Switzerland over 45 years ago.

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