Rexel, a global distributor of electrical supplies, on Wednesday announces the acquisition of Liteco, the largest independent distributor of electrical supplies in the Canadian Maritimes region.
Rexel said the acquisition complements its position in Canada, one of the world's largest markets, and is consistent with its strategic aim of strengthening its market share in key mature markets.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.