Content area
Full Text
Anixter International Inc. is expanding its OEM customer base and strengthening its foothold in the Northeast by acquiring Pacer Electronics Inc., a privately held distributor of electrical and data-cabling products.
Anixter, which had sales of $2.8 billion last year, designs, distributes, and maintains products that link corporate computer and voice systems, including structured cabling, electrical wire and cable, and networking products. The company's product sales to OEMs currently make up about 5% of its total revenue, according to Dennis Letham, chief financial officer at Anixter, Skokie, Ill.
Pacer Electronics, Woburn, Mass., is expected to record sales of $50 million for fiscal 1998, ended May...