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Arrow Electronics to acquire A.E. Petsche 17-11-09


Arrow Electronics announced an agreement to acquire A.E. Petsche Company, a provider of interconnect products, including specialty wire, cable and harness management solutions, to the aerospace and defense markets. 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 distribution services to over 3,500 customers. Total sales in 2008 were approximately $220 million. It is expected that the deal will close by the end of 2009.

 
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