Anixter acquires Peruvian distributor as part of expansion initiative into Latin America

Anixter International Inc. Glenview, Ill., has acquired all the outstanding shares of Jorvex, SA, a distributor of electrical wire and cable products to commercial, industrial and government entities throughout Peru that has distribution centers in Lima, Arequipa and Chiclayo, Peru. Jorvex, which has been a distributor for more than 40 years, sells electrical wire and cable products, PVC and HDPE pipe and conveyor belts along with various technical support services. Annual sales for Jorvex were approximately $115 million for 2011.

Commenting on the acquisition in a press release, Bob Eck, president and CEO of Anixter, said, "The acquisition of Jorvex represents an important step with our Emerging Markets growth initiative while also leveraging Anixter's existing geographical presence and logistics capabilities. As a market leader, Jorvex immediately positions Anixter as a stronger and more significant player in the Andean market. Combined with Anixter's existing wire and cable business, we will continue to lead the market and grow the business throughout the Latin American region.

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