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Headquarters: Glenview, IL
2012 Revenues: $905.6 million* (OEM supply, global)
Change in Sales from 2011: -4.8%
Employees: 8,300 (total company)
Locations: 152 (U.S.); 17 (Canada); 292 (total)
2012 Acquisitions: Jorvex S.A.
Key Executives: Robert J. Eck, president & CEO; Theodore A. Dosch, executive vice president & CFO
Anixter (NYSE: AXE) is a distributor of enterprise cabling and security solutions, electrical and electronic wire and cable products, OEM Supply fasteners and other small parts (“C” Class inventory components) to contractors and installers, and also to end users including manufacturers, natural resources companies, utilities and original equipment manufacturers.
Anixter is focusing on three key strategic initiatives in 2013: a focus on product line expansion, especially in foreign markets, where there are opportunities to expand and localize the product offering to create larger addressable market opportunities; a drive for international expansion through the development of sales locations in additional cities within countries where the company has an established presence; and an expansion of its geographic footprint in the electrical and electronic wire & cable market and OEM supply market.
The sales decline in 2012 in the OEM Supply segment was due to reduced production by many of the segment’s large customers, primarily driven by weaker demand for customers’ products, consistent with widely reported industrial production statistics in the U.S. and Europe where over 90 percent of the segment’s business is concentrated with each region roughly equal in size. In the U.S., OEM Supply continues to be impacted by the heavy truck industry, which had a soft second half of 2012. The Europe OEM Supply business had a similar decline in sales, reflecting the broader and more persistent weakness in the European region.
* In the fourth quarter of 2012, the company reorganized its business segments from geography to end market to reflect its realigned segment reporting structure and management of its Enterprise Cabling and Security Solutions, Electrical and Electronic Wire and Cable and OEM Supply global businesses. The OEM Supply segment consists of primarily Class-C parts, and includes nuts, bolts, screws, washers, clips, gaskets, brackets and rivets as well as other fasteners and small components.
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