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 …
Anixter Acquires Two European Distributors
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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- Filed In: Companies, Electrical, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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