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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): March 3, 1997
Anicom, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-25364 36-3885212
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
6133 North River Road, Suite 410, Rosemont, IL 60018
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 518-8700
Item 5. Other Events.
On March 3, 1997, the Registrant issued the news release attached as Exhibit
99.1. The information contained in this news release is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 News Release of Registrant dated March 3, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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ANICOM, INC.
Dated: March 4, 1997 By: /s/ Donald C. Welchko
------------------------
Donald C. Welchko
Vice President, Chief Financial
Officer
Exhibit Index
Sequential
Page
Exhibit # Item Number
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99.1 News Release 5
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EXHIBIT 99.1
NEWS RELEASE [LOGO]
6133 N. River Road Suite 1000
Rosemont, IL 60018
RE: (847) 519-8700
TRADED: NASDAQ (ANIC)
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For Further Information:
AT THE COMPANY
Alan Anixter Scott Anixter Carl Putnam Don Welchko
Chairman CoChairman & CEO President & COO CFO
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FOR IMMEDIATE RELEASE Media Contact: Emily Winski
MONDAY, MARCH 3, 1997 The Weiser Group
312/368-1500
[email protected]
ANICOM ANNOUNCES ACQUISITION
ROSEMONT, ILL. MARCH 3, 1997 - Anicom, Inc. (Nasdaq: ANIC), a specialist in the
sale and distribution of multimedia wiring products, announced today the
purchase of Carolina Cable & Connector, Inc. The total purchase price for the
company was approximately $3.5 million, consisting of a combination of cash and
stock. Additionally, Anicom will also assume $3.5 million of bank debt. This
brings to eight the number of acquisitions made by Anicom since July 1995.
Based in Raleigh, North Carolina, Carolina Cable & Connector, Inc. is a
specialist in the sale and distribution of wire and cable, fiber optics and
computer network and connectivity products. Carolina Cable has seven locations
in the Carolinas and Tennessee and had total revenues of approximately $25.0
million in fiscal 1996.
Commenting on the acquisition, Scott C. Anixter, Anicom's Chief Executive
Officer, said, "The acquisition of Carolina Cable and Connector, Inc. will
further establish Anicom as a national leader in the sale and distribution of
multimedia technology products. We now have over 40 locations nationwide. The
acquisition will significantly enhance our customer base, add to our
geographical market presence and expand the breadth and depth of our products.
We expect to realize operating efficiencies that exist by taking advantage of
product lines, vendor relationships and human resources."
Bruce Stanley, Chief Executive Officer of Carolina Cable, said, "We are very
excited about the opportunities this transaction presents for both companies.
As part of Anicom, we believe that the combined experience and resources will
add to a solid foundation for Anicom's continued growth."
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Anicom, Inc.
Add 1
Alan B. Anixter, Anicom's Chairman of the Board, stated, "Our primary
consideration remains increasing shareholder value. With this in mind, we are
very excited about the contribution of Carolina Cable & Connector to Anicom's
prospects for continued long term growth. Anicom provides products from the
office and workstation environment to the plant floor and manufacturing process
as companies continue to incorporate more advanced technologies in their
operations. With a strong balance sheet, Anicom plans to continue its
integrated growth strategy through internal growth, pursuing more acquisition
opportunities and opening new locations."
Anicom is a national leader in the sale and distribution of multimedia
technology products. The company provides products that "interconnect the
Internet" and are used in the growing global communications industry.
In compliance with the Safe Harbor Provision of the Private Securities
Litigation Reform Act of 1995, the company notes the statements contained in
this press release that are not historical facts may be forward-looking
statements that are subject to a variety of risks and uncertainties more fully
described in Anicom's filings with the Securities and Exchange Commission
including, without limitation, those described under "Risk Factors" in Anicom's
Resale Prospectus dated November 15, 1996 and in Anicom's Annual Report on Form
10-KSB for the year ended December 31, 1995. Anicom wishes to caution readers
of this press release that these risks and uncertainties could cause Anicom's
actual results in 1997 and beyond to differ materially from those expressed in
any forward-looking statements made by, or on behalf of, Anicom. These risks
and uncertainties include, without limitation, Anicom's limited operating
history on which expectations regarding its future performance can be based,
general economic and business conditions affecting the industries of Anicom's
customers in existing and new geographical markets, competition from, among
others, national and regional distributors that have greater financial,
technical and marketing resources and distribution capabilities than Anicom,
the availability of sufficient capital, Anicom's ability to identify the right
product mix and to maintain sufficient inventory to meet customer demand,
Anicom's ability to successfully acquire and integrate the operations of
additional businesses and Anicom's ability to operate effectively in
geographical areas in which it has no prior experience.
