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| Anixter Eurofast |
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The Acquisition
  
GLENVIEW, IL, May 21, 2007 – Anixter International Inc. (NYSE: AXE), the world’s leading distributor of communication products, electrical and electronic wire & cable and a leading distributor of fasteners and other small parts (“C” Class inventory components) to Original Equipment Manufacturers (“OEMs”), today announced that it had acquired all of the outstanding shares of Eurofast SAS (“Eurofast”) from Lisi SA.
Collegien, France-based Eurofast is an aerospace fastener distributor that will complement Anixter’s product offering with a broad array of valued-added services and inventory management programs to Original Equipment Manufacturers (“OEMs”) in the aerospace and defense industries. For 2007, Eurofast is expected to generate sales of approximately $22 million. Anixter is paying approximately $27 million in cash, for all of the outstanding shares of Eurofast.
Commenting on the acquisition, Bob Grubbs, President and CEO of Anixter, said, “We are pleased to have acquired Eurofast and the excellent team of people involved at the company. This acquisition is another step in the geographic expansion of our OEM Supply business through the addition of important customers primarily within France in an end market where we have little penetration today within Europe. Given our stated goal of building on our current strategic platform to drive future organic sales growth, this acquisition is a nice addition to our existing business,” said Grubbs.
Headquarters: Collegien, France
Address: Parc d'activités- 26,allée du clos des charmes
77090 Collegien - France
Main Phone: +33 (0)1 60 06 96 50
Operations Director: Rolf Royer |
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