Avnet Announces Deal to Buy Assets of USI Electronics
Avnet, Inc. (NYSE: AVT) announced today that it has agreed to acquire substantially all of the operating assets of Universal Semiconductor, Inc., “USI Electronics,” a distributor of discrete semiconductor, passive and electromechanical components to the military and aerospace customers. USI Electronics services a broad customer base of small, medium, and large OEM business partners and differentiates itself by having the flexibility to provide same day shipping, same day tape and reeling, and personalized service while offering the technological solutions necessary to compete as a world-class global distributor. This transaction is expected to close within thirty days and will be integrated into Avnet Electronics Marketing, Americas.
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