Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable, fasteners and other small parts, has acquired Sofrasar SA and partnership interests and shares in Camille Gergen GmbH &Co, KG and Camille Gergen Verwaltungs GmbH.
Sofrasar is headquartered in Sarreguemines, France, and Gergen is based in Dillingen, Germany. Both companies are fastener distributors.
Anixter is paying $40 million in cash and assuming $19 million in debt. The combined annualized sales for these businesses are expected to be more than $110 million in 2008.
The move is consistent with Anixter's geographic expansion of its OEM Supply business in Europe. We have added another key building block that will drive future organic growth in this important global end market," said Bob Eck, president and CEO of Anixter. The company will now be serving customers in 11 countries in Europe.
Anixter has locations in 248 cities in 50 countries.