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Anixter International Agrees to Acquire Tri-Ed

The acquisition broadens Anixters product lines and expands the company reach further into the construction markets.

Electrical distributor Anixter International Inc., (NYSE: AXE), Glenview, IL, has agreed to acquire Tri-Ed, an independent distributor of security and low-voltage technology products from Audax Group for $420 million.

The acquisition broadens Anixter’s product lines and expands the company reach further into the construction markets.

Headquartered in Woodbury, NY, Tri-Ed serves four major segments of the security business including video, access control, intrusion detection and fire/life safety. The company employs more than 600 people in 63 locations in the US and Canada. Tri-Ed generated approximately $570 million in sales during the fiscal year ended June 30, 2014.

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