Avnet plans to acquire Irish electronic components distributor.GREAT NECK, N.Y.--(BUSINESS WIRE)--Dec. 13, 1994--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:
See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ) announced today that Avnet had entered into a contract to acquire Lyco Limited, an Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. based electronic components distributor and provider of programming services. The transaction is expected to close in January, 1995. Lyco Limited, together with its Lyco Manufacturing Limited subsidiary which Avnet will also acquire, had sales of approximately $3 million in its latest fiscal year ended February 28, 1994. This acquisition will establish Avnet in the Irish distribution market and expand its value-added capabilities in Europe. CONTACT: Avnet Inc., Great Neck Joan Karpinski, 516/466-7000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion