12/19/2012
NEWS BRIEFS
Anixter Realigns Business Segment Reporting
Anixter International realigned its business segment reporting structure.
Starting in the fourth quarter of 2012, Anixter’s reportable segments are: Enterprise Cabling and Security Solutions, Electrical and Electronic Wire and Cable, OEM Supply (including Anixter Fasteners) and Corporate.
“We believe our new reporting segments reflect the realigned operating structure of our business and will provide senior management visibility to the respective end market segments, especially as we continue to leverage our global supply chain platform to support global customers and suppliers in each of our end market segments,” stated CEO Bob Eck.
Anixter emphasized that, despite the changes, the company has not revised or restated its historical financial statements for any period.
OEM Supply
The OEM Supply segment supplies high-volume, low-cost components and supply chain services to OEMs in the heavy truck, automotive, construction, medical, white goods, agricultural, power train, wind turbine, HVAC and transportation industries. Its inventory of 225,000 SKUs consist of primarily Class-C parts that are application-critical and typically are engineered to distinct performance and quality specifications. The OEM Supply segment product portfolio includes nuts, bolts, screws, washers, clips, gaskets, brackets and rivets as well as other fasteners and small components required by manufacturers.
OEM Supply services include scheduled and managed buys, direct line feed, vendor-managed inventory, kitting and subassembly. Segment engineers and supply chain experts handle design support, part rationalization, part substitution, and process re-engineering.
Sales to the OEM Supply segment, including Anixter Fasteners, sales grew .6% to $727.3 million in the first nine months of 2012. Nine-month North American segment sales gained 4.1% to $318.5 million, while Europe achieved a .3% increase to $356.6 million and Emerging Market sales gained 14.4% to $52.1 million.
Enterprise Cabling and Security Solutions
The Enterprise Cabling and Security Solutions (“ECS”) segment, with operations in over 50 countries, supplies products and supply chain services to customers finance, transportation, education, government, healthcare, and retail markets. Product portfolio includes copper and fiber optic cable and connectivity, access control, video surveillance, cabinets, power, cable management and other ancillary products.
The ECS segment includes more than 1,600 technically trained salespeople, approximately 60 Supply Chain Solutions specialists and 90 sales engineers.
Electrical and Electronic Wire and Cable
The Electrical and Electronic Wire and Cable segment, with operations in over 30 countries, provides wire and cable products and solutions to the industrial and OEM markets. Products include electrical and electronic wire and cable, shipboard cable, support and supply products, low-voltage cable, instrumentation cable, industrial communication and control products, security cable, connectors, industrial Ethernet switches, and voice and data cable.
The segment employs over 900 technical experts, including sales, supply chain specialists, industrial communication specialists and engineers. ©2012 GlobalFastenerNews.com
Related Stories:
• Fabory Group Relocates U.S. Headquarters
• Hillman To Acquire H. Paulin & Co.
Related Links:
Share: