27-Mar-2015
Anixter International Inc announced it has entered a definitive agreement to sell its OEM Supply – Fasteners segment to American Industrial Partners (AIP) for US$380 million (approximately 247 million euros). The transaction is expected to close during Q2 2015.
Anixter ‘Fasteners’ reported 2014 revenue of US$ 938.5 million (approximately 609 million euros) and operating profit of US$39.1 million. Ian Clarke, currently executive vice president for Anixter Fasteners, will become president and CEO of the new standalone company, which will continue to be led by the current management team. The company will be renamed on completion of the transaction. Its headquarters will remain in Glenview, Illinois (…)
