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Acquisition expands companys reach in the western U.S. and Canada.
Goods and services deficit up 5.5 percent year-over-year.
Domestic demand driving economic growth across continent.
Profit dips 4.2 percent for company in fiscal 2016 first quarter
The founders of Adhesive Systems will continue to lead the company.
Acquisition strengthens company's Applied Maintenance Supplies & Solutions business.
Raw Materials Price Index fell 4 percent, led by lower prices for crude energy products.
Ed Smith appointed to newly created role to advance Avnet's global embedded strategy.
Praxair combines joint venture operations in southeastern U.S.