Thursday, June 14, 2007

Ingram Micro Buys Consumer Electronics Distributor

Santa Ana-based Ingram Micro announced Wednesday that it has acquired certain net assets of DBL Distributing, a distributor of consumer electronics accessories and other related products. The deal is worth $96M. The move broadens Ingram Micro's focus on the consumer electronics market. Ingram Micro said that DBL Distributing will operate as a wholly owned subsidiary of the firm, and maintain the same brand name, business model, and management structure. According to Ingram Micro, DBL Distributing had 2006 sales of nearly $300M.