Rexel Announces Decision to Leave IMARK

Rexel Inc., the largest single member of IMARK Group Inc., announced plans to leave the buying group effective July 1. Rexel will continue as a member through June 30, which marks the end of IMARK's fiscal year.

In a joint press release issued by Rexel and IMARK on March 8, Rexel said its senior management team reached the decision at its division presidents' meeting on March 6. No reason was given for the decision.

Rexel was not available at press time to comment on why it wa

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