Anixter International Inc., Skokie, Ill., has signed a letter of intent to acquire the assets and operations of World Class Wire & Cable Inc. for about $62 million in cash.
Based near Milwaukee, World Class Wire & Cable is a wire-and-cable specialist. From its single location in Waukesha, Wis., World Class generates approximately $60 million per year in annualized sales and is ranked as the nation’s 132nd-largest electrical distributor, according to Electrical Wholesaling’s 20
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