Organically, sales for the electrical and fasteners distributor increased 13 percent.
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Latest In Anixter International
Fourth quarter sales increased 18 percent year-over-year and 3 percent over 3Q.
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Acquisition expands Anixter’s presence in the access control market.
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Organically, third quarter sales increased 12 percent.
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Excluding the impact of foreign exchange and copper prices, Anixter second-quarter sales increased 9.3 percent.
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Copper prices and exchange rates offset headwinds to growth for Anixter.
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This is the MDM Public Distributor Report, provided on a quarterly basis to subscribers of Modern Distribution Management. This report includes an overview of public distributor earnings calls, Airgas and Air Products acquisition talk, and financial metrics for publicly traded distribution companies.
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Anixter: Best sales performance in fourth quarter was in North American OEM supply end market.
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North American sales strongest in OEM Supply end market, Anixter reports.
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Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported second quarter sales of $1.2 billion, a decline of 25% from second quarter 2008. Organic sales were down 19%. The company posted a loss of $89.8 million for the period, compared to profit of $1.7 million the prior year.
Year-to-date, sales were $2.5 billion, a decline of 19% from 2008. Loss for the first six months was $64.1 million, compared to profit of $120.8 million the prior year.
Sales declines were experienced in all end-markets, as well all geographic segments. Reduced sales volumes, lower copper prices and foreign exchange contributed to the declines. …
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Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported sales for the first quarter ended April 3 were $1.27 billion, down 14% from the year ago quarter. Profit declined 54% to $25.7 million.
Organic sales decreased 7% in the quarter, led by declines in the European OEM supply business which declined 32%. Emerging markets and North American OEM supply posted organic sales growth of 3% and 12% respectively.
Following a very soft finish to 2008, and an extension of those market conditions into the first few days of 2009, we were pleased to see activity levels rebound to a limited degree and then stabilize through the balance of the …
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Anixter International’s former president and CEO, Bob Grubbs, is using his 30 years in the distribution business in a new role with Irving Place Capital; the private equity firm is looking to increase its focus on investments in distribution companies.
Grubbs says he was attracted to the firm because it is committed to understanding the industry. “The model made a lot of sense to me,” he says.
Among the 50 investments Irving Place Capital has made: Aearo Technologies (sold in 2006 to Permira Advisers, which sold it to 3M in 2007); MultiPackaging Solutions (which recently completed a sixth add-on acquisition); and ReddyIce, a manufacturer and distributor of packaged ice products.
Anixter, where Grubbs has spent his entire career, …
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Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported sales for the fourth quarter ended Jan. 2, 2009, were $1.46 billion, a decline of 2% from the year-ago quarter. Profit declined 87% to $9.4 million.
Sales in 2008 were $6.14 billion, an increase of 5% over 2007. Profit decreased 23% to $195.7 million.
The European wire and cable business experienced organic growth of 33%, including growth of 47% outside of the U.K. Emerging markets grew 21%. North American OEM supply sales reported organic growth of 20%. Enterprise cabling and security reported declines in sales in North America and …
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Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable, fasteners and other small parts, reported sales in the third quarter ended Sept. 26, 2008, were up 4% to $1.59 billion. Profit fell 5% to $61.7 million.
Organic growth in the third quarter was 2%.
While we experienced strength early in the third quarter, broader negative economic factors, especially in Europe, impacted sales activities late in the period,” said Robert Eck, president and CEO. “Despite these headwinds we still generated 2% organic growth, primarily driven by our initiatives to expand the company’s presence in the security solutions market and increase the geographic footprint of our electrical wire and cable business in …
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Anixter International has recently made three acquisitions – two overseas and one in the Midwest. Here’s what the distributor’s CFO says about the company’s growth plans.
Expanding a company through acquisitions is about more than just growing in size, says Dennis Letham, CFO of Anixter International, a distributor of communication products, electrical and electronic wire &cable, and fasteners. It’s about growing in the right place at the right time in the right way. And, the Glenview, IL-based distributor has been finding those opportunities in many places in recent months.
Since the beginning of August, Anixter has made three acquisition announcements in the U.S., Mexico and Europe. Though Letham says the timing of the announcements was completely …
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With acquisitions in the past two months in Germany, France, Mexico and Wisconsin, Anixter International’s global growth plan may not seem clear. Companies often focus on specific geographies where they want to build their presence. And while that is a consideration for Anixter, according to CFO Dennis Letham, there’s a more important driver when making acquisition decisions.
“The real focus of each of these acquisitions is supporting the multinational companies that we serve as they expand globally,”Letham tells MDM in a recent conversation. “We want to support them …
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Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable, fasteners and other small parts, has acquired Sofrasar SA and partnership interests and shares in Camille Gergen GmbH &Co, KG and Camille Gergen Verwaltungs GmbH.
Sofrasar is headquartered in Sarreguemines, France, and Gergen is based in Dillingen, Germany. Both companies are fastener distributors.
Anixter is paying $40 million in cash and assuming $19 million in debt. The combined annualized sales for these businesses are expected to be more than $110 million in 2008.
The move is consistent with Anixter’s geographic expansion of its OEM Supply business in Europe. We have added another key building block that will drive future …
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Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable, fasteners and other small parts, has acquired QSN Industries, Inc. and Quality Screw de Mexico SA.
QSN, Chicago, IL, is a distributor and manufacturer of fasteners for the OEM marketplace. QSN operates 13 facilities in Alabama, Arizona, Georgia, Illinois, Michigan, Ohio, South Carolina, Tennessee and Texas. Its sole manufacturing facility is in Wood Dale, IL.
Headquartered in Aguascalientes, Mexico, QSM is a distributor of fasteners with a total of five operational sites in Mexico.
Anixter will pay $80 million in cash and assume liabilities for both companies. Combined annualized sales for these businesses are expected to be over …
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Anixter International Inc., Glenview, IL, a distributor of communication products, electrical and electronic wire &cable and a distributor of fasteners and other small parts to Original Equipment Manufacturers, reported sales for the second quarter ended June 27, 2008, increased 7% over the same quarter a year ago to $1.62 billion. Profit was $66.9 million, an increase of 4%.
Sales for the first six months were $3.09 billion, a 9% increase over 2007. Profits improved 5% to $124.6 million.
Through the next few quarters, we will remain focused on building on our strategic initiatives, which include growing our security and OEM Supply businesses, initiating a factory automation network sales effort, adding to our supply chain services offering, enlarging the …
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Anixter International Inc., Glenview, IL, has appointed Robert J. Eck president and CEO effective with the retirement of Robert W. Grubbs on June 30, 2008. Grubbs has worked for Anixter for 30 years.
Sam Zell, chairman of Anixter, said: With Bob Eck’s 18-year Anixter career that has included diverse and increasing responsibilities, we expect a smooth transition and a continuation of the strategies that have contributed to the company’s …
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