Anixter to sell Aerospace division to Greenbriar Equity

Anixter International Inc., Glenview, Ill., plans to sell its Aerospace Hardware Division to entities controlled by Greenbriar Equity Group LLC. Under the terms of the agreement, Anixter will receive $155 million in cash, subject to a net working capital adjustment, and up to an additional $30 million if certain milestones are achieved.

“Despite the fact that Aerospace has historically delivered operating margins in excess of our corporate average, current high working capital require

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