| Arrow Electronics announced an agreement to acquire A.E. Petsche Company. A.E. Petsche is headquartered in Arlington, Texas, and distributes products in the United States, Canada, Mexico, the United Kingdom, France, and Belgium through 20 locations. With approximately 250 employees, A.E. Petsche provides value-added distribution services to over 3,500 customers. Total sales in 2008 were approximately $220 million and the acquisition is expected to be accretive to earnings by 10c-12c in 2010. It is expected that the deal will close by the end of 2009. :theflyonthewall.com |
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