Arrow Electronics still on acquisition hunt

This Reuter news brief says Arrow Electronics Inc. (ARW.N) agreed to buy technology distributor Nu Horizons Electronic Corp. (NUHC.O) for about $130 million in cash to boost its presence in the fast-growing Asia-Pacific region. The Asia-Pacific region ...
Sept. 20, 2010

This Reuter news brief says Arrow Electronics Inc. (ARW.N) agreed to buy technology distributor Nu Horizons Electronic Corp. (NUHC.O) for about $130 million in cash to boost its presence in the fast-growing Asia-Pacific region. The Asia-Pacific region now accounts for approxiamtely 25% of total company sales for Arrow.

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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.