1/5/2015 12:36:00 PM
HEADLINES
Anixter Expanding Memphis Distribution Center
Anixter International plans to improve its new Memphis distribution center.
The Chicago-based company filed an $851,590 building permit with the local office of construction code enforcement, the Daily News reports.
In early December Anixter leased 100,000 sq ft in the facility at 4001 Hickory Hill Road.
During the third quarter, Anixter reported OEM Supply – Fasteners segment sales rose 1.7% to $228.6 million.
Q3 fastener segment sales in North America sales increased 7.2% on an organic basis, while fastener sales in Europe declined 8.4% to $102.7 million and Emerging Market sales jumped 24% to $23.1 million.
Nine-month OEM Supply – Fasteners sales increased 3.2% to $721.2 million, with North American sales gaining 2.9% to $304 million, sales in Europe dipping 1.3% to $340.2 million and Emerging Market sales growing 34.7% to $70.4 million.
Founded in 1957, Anixter is an Illinois-headquartered global supplier of fasteners, communication and security products, electrical and other small components.
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