Reports: Anixter up for sale

Multiple business-news outlets are reporting the distributor is working with Goldman Sachs to find a buyer.
Feb. 24, 2014
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Multiple news outlets, including Bloomberg, are reporting that Anixter International Inc. is working with Goldman Sachs Group Inc. to find a buyer. Bloomberg cited “people with knowledge of the matter.” The report pegs Anixter’s market value at about $3.4 billion.

Bloomberg reports that Anixter ‘will look for second-round bid next month.” It also reports that Rexel, Carlyle Group LP and Melrose Industries Plc, a U.K.-based engineering firm, are among the bidders.

Anixter has not made a statement about the reports. We will continue to follow these developments.

You can read the Bloomberg report from February 21 here.

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