Anixter Might Be Searching For A Buyer

Is electrical distributor Anixter looking for a buyer? A recent release from Bloomberg says it just might be.

Id 796 Anixter320232

Is electrical distributor Anixter looking for a buyer? A recent release from Bloomberg says it just might be.
According to the report, "people with knowledge of the matter" said that the distributor is working with Goldman Sachs to find a buyer. Anixter is currently said to have a market value of about $3.4 billion, so a sale could have dramatic ramifications for the wholesale distribution segment. Especially if the company sells to Rexel SA, like the rumors say it might.In August of 2012, Anixter opened a new corporate facility in Glenview, IL, hopefully preparing for growth, but 2013 says the company's sales remain virtually unchanged over several quarters. The sale of the company could position it to to gain once again in the coming months. To read the full Bloomberg article, please click here.

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