Thomas & Betts Corp. (TNB) Tuesday said it completed acquisition of the net assets of JT Packard & Associates, Inc., for a net purchase price of $22 million. JT Packard & Associates, Inc. is an independent service provider for critical power equipment used by industrial and commercial enterprises.
JT Packard's core business is preventative maintenance and emergency service for uninterruptible power supplies, power distribution units, DC plant and static transfer switches.
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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.