Arrow Electronics Receives Expanded Authorization to Carry Tyco Products
Tyco Electronics Corp., a unit of Tyco International Ltd. (Harrisburg, PA), announced it has expanded the authorization of Arrow Electronics (Melville, NY) to carry AMP and other Tyco Electronics product brands, effective July 3, 2000. The decision reflects the dynamic increase in the product offerings of Tyco Electronics and the distribution channel changes that accompany its acquisition strategies.
"Arrow has carried several of our product lines in Europe for some time, and we are excited to expand our relationship with them," said Juergen Gromer, President of Tyco Electronics. "We have aggressive growth plans, and Arrow's outstanding position as a global leader in distribution will help us reach our objectives."