Plainview, N.Y.-based distributor Astrex Electronics Inc. announced its acquisition of TIM-CO, a distributor of electronic components focused on commercial aviation, space, oil and gas, industrial and military markets. TIM-CO will continue to operate from its Simi Valley, California-based location as a stand-alone branch of Astrex.
The deal expands the companies’ product offering and geographic coverage, giving Astrex and TIM-CO customers access to electronic components from more than 25 manufacturers through franchised agreements.
“We are very pleased to welcome the management and employees of TIM-CO to the Astrex team,” Astrex president Mike McGuire said in announcing the deal this week. “Collectively, the senior management teams have more than 140 years of experience in the high-reliability interconnect market. Joining forces enables both companies to leverage this experience and to provide a broader range of products and services to our respective customer bases.”
TIM-CO president James Clarizio added: “The opportunity to better serve our customers was the deciding factor in our decision to partner with Astrex. The ability to offer a broader range of products with better service via an expanded geographic footprint is something our customers will greatly value.”
Clarizio will serve as general manager of Astrex’s West Coast branch.
Founded in 1960, Astrex Electronics is a value-added distributor of high reliability electronic interconnects focused on the aerospace, military, medical and industrial markets. Astrex is one of the largest electronics distributors in North America, ranking 29th on Globalpurchasing.com’s 2012 list of the Top 50 Electronics Distributors, with $31 million in sales in 2011.
