Anixter Fasteners is testing a new name.
Anixter International agreed to sell its OEM Supply – Fasteners segment to American Industrial Partners (AIP) for $380 million in cash. The deal, which was approved by Anixter’s board of directors, is expected to close during the second quarter of 2015.
The new name of the business could be “Optimas OE Solutions.” Optimas is Latin for “of the best.”
If approved, the name would change in August.
Anixter Fasteners is a global distributor and manufacturer of highly-engineered fasteners for customers in the heavy truck, power train, luxury automotive, agriculture, construction, recreational vehicles and other verticals. Anixter Fasteners serves customers in 15 countries, and the average relationship among its 10 largest customers exceeds 17 years. The business reported 2014 revenues of $938.5 million and operating profit of $39.1 million.(…)
