Anixter Seeking a Buyer, Bloomberg Reports
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.