The 2020 Mid-Year Economic Update_long

Day: April 21, 2008

Crawford Electric Opens Branch in New Orleans

Crawford Electric Supply, Dallas, TX, a subsidiary of Sonepar USA, has opened a new branch in New Orleans, LA. The main focus is to help with the rebuilding efforts in New Orleans by supplying local commercial and residential markets.
 
The facility includes a 48,000-square-foot warehouse, with a full-service counter area focused on the pipe, wire, lighting, and electrical business. With brands such as GE distribution equipment, Lithonia, Pass and Seymour, Crouse Hinds, Ideal and others, the New Orleans branch will stock $3 million-$4 million in inventory.
 
Crawford Electric Supply, also known as CESCO, has other branches in Fort Worth, Houston, San Antonio, College Station, and Austin, TX.
 
Sonepar USA has 4,400 associates in 11 companies operating ...

Avnet to Acquire Horizon Technology Group

Avnet, Inc. plans to acquire Horizon Technology Group PLC in an all cash offer for €1.18 per share, or €98.5 million (US$156.1 million) and a transaction value of €94.4 million (US$149.6 million).
 
Horizon is a technical integrator and distributor of information technology products in the UK and Ireland.
 
Horizon's distribution business markets enterprise server, storage, networking and security products from vendors including Sun Microsystems, EMC, F5 Networks Juniper, IBM, and Nortel.
 
In addition to the traditional distribution business, Horizon's Client Solutions business unit partners with major software vendors including BMC, Microstrategy and SAP to provide a full range of development and implementation services. In 2007, ...