AP NEWS

ECCO (Electronic Connector Co.) finalizes purchase of Magellan’s Aerospace & Defense Division

November 29, 2018

CHICAGO--(BUSINESS WIRE)--Nov 29, 2018--Electronic Connector Company (ECCO), a distributor of interconnect solutions and value-added services, has completed the acquisition of Magellan Distribution Corporation’s Aerospace & Defense (A&D) Division. Magellan is a Boston-based distributor of interconnect and maintenance, repair and operations (MRO) products.

“This acquisition will allow us to accelerate our growth in the aerospace and defense sector, positioning us as a valued supplier to four of the top five U.S. defense contractors,” said Bernard Gizzi, president of ECCO. “As importantly, we’re bringing on Magellan personnel with a decade’s worth of relationship-building and operational expertise, which will enhance ECCO’s ability to support the critical needs of A&D customers.”

“We couldn’t be more pleased to transition this division to ECCO, a company with which we’ve had a longstanding relationship,” said James Russell, CEO of Magellan. “With ECCO’s 55-year history as an interconnect distributor, breadth of line card, and talented team, we have no doubt they will provide enhanced support of A&D customers globally and see much growth in the years ahead.”

About (ECCO) Electronic Connector Company:

ECCO is an AS9100D value-added distributor for many of the world’s leading connector and electro-mechanical manufacturers. Over the past 55 years, ECCO has become well known for its extensive inventory of circular and commercial electronic connectors. ECCO’s customers span key market sectors, including: industrial, energy, transportation, telecommunications, aerospace & defense, and the U.S. Government.

About Magellan Distribution:

Established in 2001, Magellan Distribution is a distributor of maintenance, repair, and operations (MRO) products and electronic components. After a decade of serving aerospace and defense companies with interconnect products, Magellan is now more exclusively focused on serving the MRO needs of commercial customers across a broad spectrum of industries.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005143/en/

CONTACT: ECCO

Michele Porter

773-767-2200

michele.porter@eccochicago.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION OTHER TECHNOLOGY MANUFACTURING AEROSPACE CHEMICALS/PLASTICS ENGINEERING STEEL DEFENSE OTHER DEFENSE

SOURCE: ECCO

Copyright Business Wire 2018.

PUB: 11/29/2018 07:11 AM/DISC: 11/29/2018 07:11 AM

http://www.businesswire.com/news/home/20181129005143/en

AP RADIO
Update hourly