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Press release from Business Wire

Arrow Electronics Announces Completion of Acquisition of Seed International Ltd

Tuesday, January 03, 2012

Arrow Electronics Announces Completion of Acquisition of Seed International Ltd08:11 EST Tuesday, January 03, 2012 ENGLEWOOD, Colo. (Business Wire) -- Arrow Electronics, Inc. (NYSE:ARW) announced today the successful completion of the acquisition of all of the assets and operations of the distribution business of Seed International Ltd (“Seed”). Seed is headquartered in Beijing, China, and has approximately 200 employees, with 100 in value-added engineering. The company's sales for the latest fiscal year were approximately $90 million. Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries. Safe Harbor The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This press release includes forward-looking statements, including statements addressing future financial results. These statements are subject to a number of risks and uncertainties that could cause actual results or facts to differ materially from such statements for a variety of reasons including, but not limited to: industry conditions, the company's implementation of its new global financial system and the company's planned implementation of its new enterprise resource planning system, changes in product supply, pricing and customer demand, competition, other vagaries in the global components and global ECS markets, changes in relationships with key suppliers, increased profit margin pressure, the effects of additional actions taken to become more efficient or lower costs, the company's ability to generate additional cash flow and the other risks described from time to time in the company's reports to the Securities and Exchange Commission (including the company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q). Forward-looking statements are those statements, which are not statements of historical fact. These forward-looking statements can be identified by forward-looking words such as "expects," "anticipates," "intends," "plans," "may," "will," "believes," "seeks," "estimates," and similar expressions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any of the forward-looking statements. Arrow Electronics, Inc.Senior Manager, Investor RelationsGreer Aviv, 303-824-3765orExecutive Vice President, Finance and Operations & Chief Financial OfficerPaul J. Reilly, 631-847-1872orMedia:Director, External CommunicationsJohn Hourigan, 303-824-4586