Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire & cable and fasteners, reported sales of $4.94 billion in the year ended Dec. 29, 2006, up from $3.85 billion last year. Profit was $209.3 million in 2006.
Sales in 2006 were boosted by the acquisition of Infast in July 2005, IMS in May 2006 and MFU in October 2006.
Sales in the fourth quarter were $1.3 billion, including $23.5 million from acquisitions. Sales were up 27% from the same period a year ago. Profit increased 160% to $52.4 million. Organic growth was 22% in the fourth quarter.
Anixter reported it saw strong large-project business, related to data center builds in the enterprise cabling market and energy and natural resources customers in the electrical wire and cable market. The distributor also has seen strong growth in the security and OEM markets. Copper prices contributed to organic growth, as well. Without copper prices, the IMS and MFU acquisitions and foreign exchange, sales grew by 16% over the prior-year fourth quarter.
North America sales grew 23% to $918.5 million in the fourth quarter. European sales grew 38%. Latin America and Asia Pacific saw a 33% increase in year-on-year sales.
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