Anixter International Inc. is looking for acquisition opportunities. "Our disciplined working capital and cash management processes give us the flexibility needed to manage through an uncertain economic environment. With a year-end cash balance of $89 million and an expectation of continuing positive cash flow, we constantly evaluate the optimal use of our funds," commented Ted Dosch, Executive Vice-President and Chief Financial Officer of Anixter.

"Going forward, we will utilize future cash flows to invest in the growth of the business, capitalize on strategic acquisition opportunities , deleverage our balance sheet, and selectively return capital to shareholders through share repurchases and special dividends, as we did in 2012 with our 1 million share repurchase and $4.50 per share special dividend."