Anixter Expands Fasteners Offering In OEM Market, Looks To Buy Infast Group

Expanding its offering of fasteners in the OEM market, Anixter International Inc. plans to buy U.K.-based Infast Group Plc in a deal it said was worth $72.2 million.

The offer has been unanimously recommended by the Infast board of directors, Anixter said.

Infast distributes fasteners and other inventory components to original equipment manufacturers. The company, which has about 900 employees, operates 25 distribution centers in the United Kingdom and six distribution centers

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