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Arrow Electronics Announces Completion of Acquisition of the RF, Wireless & Power Division of Richardson Electronics, Ltd.

Tue, 03/01/2011 - 7:19am
MELVILLE, N.Y. -- (BUSINESS WIRE) -- Arrow Electronics, Inc. (NYSE:ARW) announced that the company has successfully completed the acquisition of all of the assets and operations of the RF, Wireless and Power Division of Richardson Electronics, Ltd. ("Richardson RFPD"). Richardson RFPD is a leading value-added global component distributor and provider of engineered solutions serving the global radio frequency ("RF") and wireless communications market.

"We are excited to welcome the Richardson RFPD team into the Arrow organization. With their specialized expertise in RF engineering and a highly talented team of sales professionals, we look forward to a successful future together," said Michael J. Long, chairman, president, and chief executive officer of Arrow Electronics.

Richardson RFPD will become a separate operating unit of Arrow Electronics and its headquarters will remain in LaFox, IL. Richardson RFPD has approximately 400 employees and total sales were in excess of $350 million for the latest fiscal year ended May 29, 2010. The transaction is expected to be $.10-$.20 per share accretive to earnings in the first full year of operations.

Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries.

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