Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable and a distributor of fasteners and other small parts, reported fourth-quarter sales of $1.49 billion, up 15% including acquisitions. Profit was $70.5 million.
Annual sales for the period ended Dec. 28, 2007, were $5.85 billion, up 13% on an organic basis. Profit was $253.5 million.
North American sales grew by 13% in the fourth quarter -excluding foreign exchange effects, sales grew at an organic rate of 11%. In Europe, organic growth was flat -overall sales grew 16% due to acquisitions and exchange rate differences.