Jaco Electronics Inc. reported today it has completed its previously announced acquisition for specific assets of Reptron Distribution, formerly a division of Reptron Electronics Inc., Tampa, Fla., for $9.2 million.
The initial purchase price of $10.4 million was adjusted downward to reflect a reduction in the amount of the assets acquired. Jaco, Hauppauge, N.Y., paid approximately $5.6 million in cash and the remainder through the assumption of certain liabilities.
"We are excited about completing this transaction and look forward to bringing new product offerings from industry leaders to our customers, while continuing to serve Reptron Distribution's nearly 2,000 customers," said Joel Girsky, Jaco's chairman and chief executive, in a statement.
"With approximately 30 lines of semiconductors, flat panel displays, passive products, and electromechanical components as well as a variety of custom logistics and supply chain management services, Reptron Distribution is an excellent strategic fit with Jaco's operations."