AVX is first passive supplier to mark 50-year channel milestone with Avnet; Two companies celebrate with an award dinner


GREENVILLE, S.C., Aug. 5, 2013 (GLOBE NEWSWIRE) -- AVX Corporation, a leading manufacturer of passive components and interconnect solutions, has become the first passive supplier to celebrate a 50-year channel milestone with Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. The two companies celebrated this singular milestone with a commemorative dinner at a recent EDS in Las Vegas, during which Avnet Electronics Marketing Americas President Ed Smith, presented AVX Vice President of Sales Pete Venuto with a commemorative award in honor of their 50-year collaboration to successfully deliver innovative passive and interconnect products to customers worldwide.

"AVX is honored to be recognized as the first passive supplier to celebrate such a significant milestone with Avnet. Throughout the past half century, our shared commitment to customer satisfaction and passion for bringing next-generation technologies to market has bolstered the relationship between AVX and Avnet and has helped both companies succeed in efforts to provide a comprehensive catalogue of products and solutions, coupled with outstanding customer service, to our joint customers across the globe," said Venuto.

"Celebrating 50 years of channel partnership with AVX represents our deep-seated mutual commitment to providing superior products and services to the entire electronics community," said Smith. "We are glad to have had the opportunity to come together at EDS to honor AVX as the first passive supplier to reach this milestone – and we look forward to many more years of mutual growth and success."

Both Avnet and the company that later became AVX originated in the nascent radio market of the 1920s – the former selling spare radio parts and the latter manufacturing crystal radio receivers. The two companies partnered in the 1960s and have been collaborative links in the global technology supply chain ever since.

For more information, please visit www.avx.com, call 864-967-2150, or write to One AVX Boulevard, Fountain Inn, S.C. 29644.

About AVX

AVX Corporation is a leading international supplier of electronic passive components and interconnect solutions with 26 manufacturing and customer support facilities in 15 countries around the world. AVX offers a broad range of devices including capacitors, resistors, filters, timing and circuit protection devices and connectors. The company is publicly traded on the New York Stock Exchange (NYSE:AVX).

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=20258


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