Electronics Distributor Avnet to Buy Bell Microproducts
Avnet Inc., Phoenix, plans to acquire Bell Microproducts Inc., a publicly owned distributor of storage systems, servers, software, computer components and peripherals. The San Jose, Calif.-based Bell, which had 2009 sales of approximately $3 billion, 1,900 employees and 55 offices in the United States, Canada, Europe and Latin America, serves customers such as OEMs, VARs, system builders and end users. The transaction is expected to close in 60 days to 120 days. Avnet is one of the world's largest distributors of electronic components and had 2009 sales of $16.2 billion. Details
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.