GLENVIEW, Ill., July 9, 2012 /PRNewswire/ — Anixter International Inc. (NYSE: AXE), a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts, today announced that it has acquired all the outstanding shares of Jorvex, S.A. (“Jorvex”) as of June 28, 2012.
Jorvex, based in Lima, Peru, is a leading distributor of electrical wire and cable products to commercial, industrial and government entities throughout Peru, with major distribution centers in Lima, Arequipa and Chiclayo. Jorvex’s broad array of products includes electrical wire and cable products, PVC and HDPE pipe and conveyor belts along with various technical support services. Annual sales for Jorvex were approximately $115 million for 2011 and Anixter expects the acquisition to be immediately accretive to earnings in the second half of 2012.
Commenting on the acquisition, Bob Eck, President and CEO of Anixter (…)
