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Headquarters: Glenview, IL
2015 Revenues: $4.8 billion
Change in Sales from 2014: 19.2%
2015 Divestments: OEM supply – fasteners segment
2015 Acquisitions: HD Supply Power Solutions
Key Executives: Robert J. Eck, president & CEO; Theodore A. Dosch, executive vice president, finance & CFO
Anixter, a distributor of enterprise cabling and security solutions, electrical and electronic wire and cable products, saw big changes in 2015. The company sold its OEM supply – fasteners segment to American Industrial Partners for $380 million, and then a few months later bought the Power Solutions division of HD Supply Holdings for $825 million. The strategic acquisition helped Anixter strengthen its electrical and electronic wire & cable business, as well as its utility business.
“We believe that we’re in the early stages of a capital investment cycle in the utility market in the U.S., particularly, and we wanted to address the weakness in our utility business and take advantage of that capital spend cycle,” President and CEO Bob Eck told MDM last year.
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