Ingram Micro, the world’s largest technology distributor, in June acquired business-to-business electronics accessories mailer DBL Distributing for $96 million.
The $300 million DBL Distributing publishes a 1,100-page consumer electronics wholesale catalog selling more than 17,000 products. As part of the deal, $31.4 billion Ingram Micro also bought NXG Technology, DBL’s exclusive brand of custom audio and video installation products.
“We’ve made it clear we had a pretty focused consumer electronics strategy,” says Jim Trainor, spokesperson for Santa Ana, CA-based Ingram Micro. DBL Distributing is “a good fit for us as far as expanding the consumer electronics area.”
Ingram Micro two years ago bought AVAD, a home technology distributor, for $120 million. “DBL makes us a leader in the independent retail market,” Trainor says. “Especially with the stores they cover.” Ingram Micro isn’t planning any changes for DBL’s staff, Trainor adds; its president/CEO David Lorsch will remain in place through June 2008.
The deal illustrates “how we plan to deploy capital in the future — through strategic acquisitions that spur growth, enhance profitability, and expand our addressable market,” said Ingram Micro CEO Greg Spierkel.