Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire & cable and a distributor of fasteners and other small parts has acquired Eurofast SAS, Collegien, France, from Lisi SA for $27 million.
Eurofast is an aerospace fastener distributor in the aerospace and defense industries. For 2007, Eurofast is expected to generate sales of $22 million.
Commenting on the acquisition, Bob Grubbs, President and CEO of Anixter, said, This acquisition is another step in the geographic expansion of our OEM Supply business through the addition of important customers primarily within France in an end market where we have little penetration today within Europe."
Anixter International has locations in 247 cities in 49 countries.