Power Solutions acquisition helps company boost revenue.
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Latest In Anixter International
"Flagship" location will be 200,000 square feet and stocked with company's full product portfolio.
Sales for first six months up 31.6 percent compared to prior-year period.
Electrical & electronic solutions sales increased 14.8 percent year-over-year.
Fourth quarter sales increased 26.4 percent year-over-year.
Industry consolidation ramps up with blockbuster transactions throughout year.
Industrial trends, plus M&A and e-commerce strategies top of mind for distributors.
Anixter International Inc. recently announced it would acquire HD Supplys Power Solutions division, one of its core lines of business. This article looks at how the $825 million deal benefits both companies.
This article includes:
- What led Anixter to the decision to buy
- Why HD Supply wanted to sell its Power Solutions division
- What is next for Anixter
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The Home Depot's acquisition of Interline Brands headlines mammoth month in M&A.
$825 million purchase helps Anixter expand electrical wire and cable business.
Enterprise cabling and security solutions sales increased 17.9 percent year-over-year.
Company agreed to sell fasteners segment to American Industrial Partners.
Financial Times reports Anixter expects to sell the division for more than $500 million.
M&A market remains unpredictable but steady.
The acquisition broadens Anixters product lines and expands the company reach further into the construction markets.
