A.E. PETSCHE CO., INC.
2112 West Division Street
Arlington, TX 76012
Phone: 817-461-9473 Fax: 817-277-2887
Contact: Vicki Kerr
Phone: 937-431-5430
E-Mail: vkerr@aepetsche.com

 

FOR IMMEDIATE RELEASE
21 December 2009

 

ARROW ELECTRONICS ANNOUNCES SUCCESSFUL COMPLETION OF ACQUISITION OF A.E. PETSCHE COMPANY

MELVILLE, NEW YORK, December 21, 2009 --- Arrow Electronics, Inc. (NYSE:ARW), announced today the successful completion of its acquisition of A.E. Petsche Company, a leading provider of interconnect products, including specialty wire, cable and harness management solutions, to the aerospace and defense markets.

“The combination of A.E. Petsche’s customer base and highly experienced sales professionals with Arrow’s product offerings will accelerate the growth of our components business in the aerospace and defense markets,” said Peter T. Kong, president of Arrow Global Components.

A.E. Petsche, which is headquartered in Arlington, Texas, and has approximately 250 employees, distributes products in the United States, Canada, Mexico, the United Kingdom, France and Belgium through 20 locations. A.E. Petsche’s sales in 2010 are expected to exceed $200 million and be accretive to Arrow’s earnings by $.10 to $.12 per share.

“We are excited about our partnership with Arrow and look forward to working together to enhance the business. A.E. Petsche will now have access to Arrow’s abundant resources and broad customer base, which will create significant opportunities for our organizations,” stated Glenn Davidson, chief executive officer of A.E. Petsche.

Arrow Electronics
Arrow Electronics 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 approximately 700 suppliers and approximately 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 300 locations in 50 countries and territories.

For more information about Arrow Electronics, visit http://www.arrow.com

A.E. Petsche Co., Inc.
A.E. Petsche Company is the world's leading supplier of high-performance military/aerospace interconnect products and services. The company is headquartered in Dallas/Fort Worth, Texas and operates sales offices and distribution centers worldwide.

For additional information about A.E. Petsche Company, visit http://www.aepetsche.com