Avnet currently supports distribution for Toshiba in North America and Europe.
Avnet’s world-class supply chain management and logistics capabilities will enhance our ability to provide simple and consistent business processes for customers throughout the world, while further increasing our customer base, said George Rea, director of distribution for Toshiba America Electronic Components.
Financial details of the pact, which covers Toshiba’s complete line of memory and discrete products, were not disclosed.
Avnet shares ended Friday at $24.98 on the New York Stock Exchange.
