Arrow Electronics Acquires Majority Interest in Leading Hewlett Packard Distributor.MELVILLE, N.Y.--(BUSINESS WIRE)--May 1, 1998--Arrow Electronics, Inc. (NYSE NYSE See: New York Stock Exchange :ARW ARW Air Refueling Wing ARW Advanced Research Workshop ARW Associated Resume Writers ARW Army Ranger Wing (Irish Special Forces) ARW American Revolutionary War ARW Angle Random Walk ARW Aeroelastic Research Wing ) announced that its subsidiary, Gates/Arrow Distributing, Inc., has completed its previously announced acquisition of a majority interest in Scientific and Business Minicomputers, Inc. (SBM SBM - Solution Based Modelling ). Based in Atlanta, Georgia, SBM is a leading distributor of Hewlett Packard mid-range computers. Gates/Arrow, headquartered in Greenville, South Carolina
Greenville is a mid-sized city located in the upstate of South Carolina. It is the county seat of Greenville CountyGR6 , is the Arrow company that distributes computer products to value added resellers (VARs). Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1997 sales of $7.8 billion. Headquartered in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. , Arrow serves as a supply channel partner for more than 600 suppliers and 160,000 original equipment manufacturers and commercial customers through more than 200 sales facilities and 26 distribution centers in 32 countries. Detailed information about Arrow's operations can be found at www.arrow.com. CONTACT: Robert E. Klatell Executive Vice President 516-391-1300 |
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