Anixter Fastener Sales Increase

Jason Sandefur

Recent fastener acquisitions boosted Anixter International’s overall revenue by 142.8 million in 2004, driven by the purchase of Distribution Dynamics in June 2004 and Walters Hexagon Group in September 2003. Anixter reported sales rose 25% to $3.27 billion, while profit soared 75.6% to $73.6 million.
DDI added $15.9 million to overall revenue of $848.3 million during the fourth quarter of 2004. The results showed a 27.6% increase in Q4 sales, while quarterly profit nearly doubled to $25.6 million.
Anixter reported Q4 sales from Pentacon grew 37% “resulting from improved demand from existing customers as well as the addition of new customers.” Walters Hexagon also showed strength in the quarter, setting a business sales record of $30.2 million. Web: anixter.com �2005 FastenerNews.com