Ingram Micro has acquired consumer electronic specialist DBL Distributing for $96 million.
The Arizona based firm has approximately 350 employees, 17,000 product lines and recorded sales of $300 million in 2006. It will operate as a wholly owned subsidiary of Ingram Micro, maintaining the same brand name, business model and management structure.
"Our acquisition of DBL Distributing is another step forward in Ingram Micro's consumer electronics strategy," said Greg Spierkel, chief executive officer of Ingram Micro. "This strategy positions Ingram Micro at the forefront of two significant trends: the continuing convergence of commercial and consumer technologies and the growing importance of retailers in the marketplace. The transaction is an example of how we plan to deploy capital in the future – through strategic acquisitions that spur growth, enhance profitability and expand our addressable market."