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Avnet acquires Irish electronic components distributor.


GREAT NECK, N.Y.--(BUSINESS WIRE)--Jan. 6, 1995--Leon Machiz, chairman and chief executive officer of Avnet Avnet, Inc. (NYSE: AVT) is a technology B2B distributor headquartered in Phoenix, Arizona.

The company states on their website that:
"Avnet, Inc. (NYSE: AVT), is one of the world's largest value-added distributors of semiconductors, connectors, passive and
 Inc. (NYSE NYSE

See: New York Stock Exchange
:AVT AVT

avian arginine vasotocin. See vasotocin.
), announced Friday Friday: see Sabbath; week.

Friday

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See : Servant
 that Avnet has completed the acquisition of Lyco Limited, an Ireland based electronic components distributor and provider of programming services.

Lyco Limited, together with its Lyco Manufacturing Limited subsidiary which Avnet also acquired, had sales of approximately $3 million in its latest fiscal year ended Feb. 28, 1994. This acquisition will establish Avnet in the Irish distribution market and expand its value-added capabilities throughout Europe.

CONTACT: Avnet Inc., Great Neck

Stephanie Wagoner, 516/466-7000
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 6, 1995
Words:96
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