AIAC AFFILIATE D2A ACQUIRES CORYS ELECTRICAL IN NEW ZEALAND
For Immediate Release
August 1, 2025 - Auckland, New Zealand American Industrial Acquisition Corporation (AIAC) today announced that its affiliate, D2A, a global distribution company, has successfully completed the strategic acquisition of Corys Electrical, the premier electrical products distribution business in New Zealand, from Sonepar, a $38 billion revenues multinational based in Paris. The transaction, which became effective August 1, 2025, includes 38 administrative, marketing, sales, and logistics sites throughout New Zealand.
Corys Electrical, established in 1920, has been a cornerstone of New Zealand's electrical distribution market for over a century, supporting all major construction projects such as airports, private and governmental office buildings, manufacturing and logistics facilties, schools, universities, sports and entertainment centers, apartment and hotel complexes, and retail malls throughout the islands. The acquisition strengthens D2A's position as a leading distribution partner across Asia, Oceania, and Europe, while providing Corys Electrical with enhanced resources and capabilities to serve its customers more effectively in the competitive New Zealand market.
The acquisition builds on D2A's proven track record of successful integrations and market expansion. In 2023, D2A demonstrated its strategic capabilities through the successful acquisition of Sonepar's DIY business in France, showcasing the company's ability to seamlessly integrate established distribution operations while maintaining operational excellence.
Corys Electrical will continue to operate under its established brand, maintaining its commitment to customer service excellence while benefiting from D2A's expanded resources and global best practices.
"This acquisition represents a pivotal transaction in D2A's continued expansion across the Asia-Pacific region," said L. M. Levie, AIAC Chairman. "Corys Electrical's century-long commitment to the New Zealand market, combined with D2A's sophisticated global distribution expertise, blue chip electrical brands, market leadership, and multi-channel approach, creates an exceptional platform for growth and enhanced customer service," he added.
Jean-Cyrille Verspieren, Sonepar President for Asia-Pacific, commented "On behalf of the Sonepar Group, I would like to express our sincere gratitude to the management and associates of Corys for their dedication, professionalism, and the achievements we have shared together as part of the Sonepar family. I wish all Corys associates every success as they begin this new chapter with D2A."
For further information, please see:
https://www.sonepar.com/en/newsroom/sonepar-sells-corys-to-d2a-174304
About Corys Electrical
Founded in 1920, Corys Electrical has established itself as New Zealand's leading electrical products distribution company over more than a century of continuous operation. With a comprehensive network of 38 locations strategically positioned throughout New Zealand, Corys serves as the critical link between manufacturers and electrical contractors, industrial customers, and retail outlets across the nation.
The company has built its reputation on deep market knowledge, extensive product expertise, and unwavering commitment to customer service excellence. Corys maintains strong relationships with leading electrical manufacturers and suppliers, offering a comprehensive portfolio of electrical products including wiring devices, lighting solutions, industrial automation components, safety equipment, and specialized electrical infrastructure products.
Corys' distribution network spans from major metropolitan centers to regional markets, ensuring reliable product availability and technical support for customers throughout New Zealand. The company's experienced team of electrical specialists provides value-added services including technical consultation, product training, and custom solutions tailored to meet the unique requirements of New Zealand's diverse electrical market.
As a cornerstone of New Zealand's electrical infrastructure development, Corys has supported the nation's growth through major construction projects, industrial expansions, and the ongoing modernization of electrical systems across residential, commercial, and industrial sectors.
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About D2A
D2A is a leading global distribution company specializing in electrical products and industrial solutions across multiple continents. With a strategic focus on Asia, Oceania, and Europe, D2A has established itself as a premier distribution partner through its sophisticated supply chain management, comprehensive product portfolio, and multi-channel distribution approach.
The company serves a diverse customer base ranging from electrical contractors and industrial manufacturers to retail outlets and specialized trade professionals. D2A's operational excellence is built on advanced logistics capabilities, extensive market knowledge, and deep relationships with world-class manufacturers and suppliers.
D2A's growth strategy emphasizes strategic acquisitions that enhance its geographic footprint and market capabilities. The company has demonstrated proven expertise in successfully integrating acquired businesses while maintaining operational continuity and customer service standards. Notable achievements include the successful 2023 acquisition of Sonepar's DIY business in France, which showcased D2A's ability to seamlessly absorb established distribution operations and drive enhanced performance.
The company's multi-channel approach encompasses traditional distribution, e-commerce platforms, and specialized service offerings that cater to the evolving needs of modern electrical and industrial markets. D2A's commitment to innovation includes investments in digital technologies, supply chain optimization, and customer-centric solutions that drive value across its global network.
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About American Industrial Acquisition Corporation
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with 122 manufacturing and distribution sites in 24 countries in North America, Europe, Africa, Asia, and Australia-New Zealand. 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 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. In addition, AIAC companies are exclusive, authorized distributors of leading branded industrial and consumer products and serve as critical suppliers for the construction of major airports, schools, hospitals, performing arts and sports centers, offices and hotels throughout Southeast Asia, Australia, and New Zealand. AIAC is a leading manufacturer of building, street, and highway signage in Europe, signage and illumination structures in North America, and a distributor of electrical products throughout France.
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 produce 2,200 fan blades for each jet engine produced by GE, Pratt & Whitney, Rolls Royce, and Honeywell.
AIAC companies actively support exploration into outer space, manufacturing critical components for launching and propelling spacecraft and satellites. AIAC customers in this sector include NASA, the European Space Agency, SpaceX, Blue Origin, and Boeing. AIAC companies also lead in the design and manufacture of undersea umbilical cables for worldwide oceanographic research.
AIAC companies produce the critical automotive wire and cable for Tesla, GM, Ford, Chrysler-Fiat, Toyota, and Nissan. In connection with its kraft paper manufacturing interests in Canada and the US, AIAC controls and sustainably manages 22 million acres of Manitoba, Canada forestland, an area equivalent in size to the nation of Hungary. AIAC affiliate, Metallwarenfabrik Gemmingen GmbH, located in Germany, designs, manufactures and distributes high performance, emergency portable power generators utilized in global conflict zones and during natural disasters.
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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, environmental sustainability, exploration, and the performing arts. The exploration-focused nonprofit organizations which they actively support include the Explorers Club, the National Geographic Society, the Royal Geographical Society, the American Museum of Natural History and the Hayden Planetarium, the Victoria & Albert Museum, the National Air and Space Museum, the National Space Society, and the United States Space Foundation.
AIAC’s other beneficiaries include 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 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, the Trilateral Commission, and the Yale Chief Executive Leadership Institute.
For further information, please see:
https://www.aiac.com/our-values
Media Contact:
Isabel Carro-Toro, Vice President
American Industrial Acquisition Corporation
+34 689 295 827 (Spain)
+ 1 787 244 3175 (USA)
icarro-toro@aiac.com