Rexel acquires a Canadian utility distribution business from Wesco
Rexel announced today it has acquired the Canadian Utility business of WESCO International (“WESCO Canada Utility”). WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter International, which closed in June 2020.
“This transaction demonstrates our intention to resume our acquisition strategy, now that the Group is back on sound footing and has reduced its leverage. The ambition is to acquire businesses that are complementary to our activity and can create further value for our stakeholders.”
Patrick Berard, CEO of Rexel