Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported sales for the fourth quarter ended Jan. 2, 2009, were $1.46 billion, a decline of 2% from the year-ago quarter. Profit declined 87% to $9.4 million.
Sales in 2008 were $6.14 billion, an increase of 5% over 2007. Profit decreased 23% to $195.7 million.
The European wire and cable business experienced organic growth of 33%, including growth of 47% outside of the U.K. Emerging markets grew 21%. North American OEM supply sales reported organic growth of 20%. Enterprise cabling and security reported declines in sales in North America and Europe.