Irvine, California (PRWEB) March 11, 2013
Electronic components distributor SMD Inc, Irvine CA, announced today that it has acquired all of the assets and operations of Prime Electro Products Inc, of Manhattan Beach, CA.
Prime Electro Products is a distributor of components from leading manufactures in various industries including, interconnect, frequency-control, passives, and other electro-mechanical products. They have been in business for over 35 years serving the North American and global markets providing innovating inventory and supply-chain management solutions.
SMD Inc. believes the acquisition will boost their sales and energies in North America and that the two combined operations will add extensive value to both company’s suppliers and customers.
“We have been searching for an acquisition over the last 12 months that would make sense to SMD Inc’s long-term goals and Prime Electro is a perfect fit. Prime’s reputation and performance are in line with our business philosophy and direction. They have done a great job for all of their business partners for so long and together, we will continue in the same direction,“ said Rich Unruh, President of SMD Inc.
"The foundation for both companies are based on the same principals, service our customer and supplier needs. We both believe in meeting all commitments or we don't make them. Our collective tenured Account Managers are excited to be able to offer additional solutions in products and value added services that combined can compete with any distributor in the market, " said Rick Balentine, Vice President of Prime Electro Products.
SMD Inc. is a provider of electronics and electrical components, services, and logistic solutions for industrial manufacturing companies in North America. They offer a wide variety of products from an authorized supplier base. They provide technical and sales expertise on all product lines and commodities. SMD Inc. is a specialized distributor with a focused product offering. This has allowed them to be experts in their supplier's product offerings. SMD Inc. offers supply-chain and logistics solutions to a variety of market segments including energy, medical, industrial controls, defense, automotive and transportation services. They are one of the Top 35 Electronic component distributors in North America. You can visit their web site at http://www.smdinc.com