Feb 19, 2013
PHOENIX -- Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), announced today it has received the Molex Americas region Distributor of the Year award. Avnet's executive management team accepted the award at a meeting in Phoenix. Molex, a one-source supplier of interconnect products, awards those relationships that demonstrate financial, operational and executive management excellence.
Avnet Electronics Marketing received this award for achieving growth over fiscal year 2011 revenue, meeting the criteria for highest distributor growth over the prior year. Avnet not only achieved revenue growth, but it also attained a solid commitment to inventory and support of Molex initiatives as well as management interaction.
"Avnet has taken strides to help Molex continue to grow through creating demand for our products within existing and new customers in key focus industries," said Fred Bell, vice president of global distribution at Molex.
"The receipt of this honor comes on the heels of celebrating Avnet's 30-year anniversary as a distributor with Molex," said Ed Smith, president, Avnet Electronics Marketing Americas. "This award cements our joint commitment to serving the OEM customer community, and we at Avnet look forward to even better things to come in the future."
This marks the third award Avnet has received from Molex in recent years. Avnet Electronics Marketing Americas received the Distributor of the Year in 2008; and Avnet Electronics Marketing won the Global Distributor of the Year in 2012.
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. that serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's website is located at www.em.avnet.com.
About Avnet, Inc.
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com.
Avnet Electronics Marketing
Heidi Elliott, 480-643-7584
Senior Director, Marketing Communications