Anixter International Inc., Glenview, Ill., acquired all of the outstanding shares of Eurofast SAS from Lisi SA for approximately $27 million in cash.
Collegien, France-based Eurofast is an aerospace fastener distributor that will complement Anixter’s product offering with a broad array of valued-added services and inventory management programs to original equipment manufacturers OEMs) in the aerospace and defense industries
For 2007, Eurofast is expected to generate sales of approximately $22 million. Bob Grubbs, president and CEO of Anixter, said, "This acquisition is another step in the geographic expansion of our OEM Supply business through the addition of important customers primarily within France, in an end market where we have little penetration today within Europe."
Collegien, France-based Eurofast is an aerospace fastener distributor that will complement Anixter’s product offering with a broad array of valued-added services and inventory management programs to original equipment manufacturers OEMs) in the aerospace and defense industries
For 2007, Eurofast is expected to generate sales of approximately $22 million. Bob Grubbs, president and CEO of Anixter, said, "This acquisition is another step in the geographic expansion of our OEM Supply business through the addition of important customers primarily within France, in an end market where we have little penetration today within Europe."