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Product Manufacturing/DistributionSDM Newswire

BREAKING NEWS

Anixter Seeking a Buyer, Bloomberg Reports

February 21, 2014

Buzz is escalating that Anixter International Inc., Glenview, Ill., is actively seeking a buyer. Chicago-focused Crain’s Morning 10 picked up a story from Bloomberg that Anixter, a global distributor of communication and security products, electrical and electronic wire and cable, fasteners, and more, is working with Goldman Sachs Group Inc. to find a buyer.

This isn’t a new plan, as reports have circled that the company had sought a buyer multiple times in the past years. However, with a 50 percent increase in Anixter’s stock over the past year, the odds appear higher for a successful sale this time around. Anixter had reported that double-digit growth in Europe and emerging markets had driven record fourth-quarter sales. Anixter has a market value of about $3.4 billion, Bloomberg News reports.

The report is based on anonymous comments, and SDM’s calls to Anixter and Goldman Sachs have not been returned to this point.

Looking for quick answers on security topics? Try Ask SDM, our new smart AI search tool. Ask SDM →

KEYWORDS: distributors security acquisition

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