Jaco finalizes sale of components business
The Long Island based distributor will now just sell LCD components
By Jim Carbone -- Purchasing, 1/9/2009 2:48:00 PM
Jaco Electronics has completed the sale of most of its electronics components business to WPG Americas Inc., a subsidiary of WPG Holdings of Taiwan.
“We sold everything, but the LCD component business,” says Joel Girsky, chairman, president and CEO of Jaco, based in Hauppauge, N.Y. Jaco is now a distributor and integrator of liquid crystal displays (LCD) and embedded computer solutions and related components, he says.
Girsky says Jaco now carries display products from Advantech, AU Optronics, ELO/Tyco, Hitachi, Kyocera, NEC, Samsung, Sharp and 3M. It has a display integration center housing its engineering and manufacturing staff and operations.
Girsky says Jaco’s display operations have been the fastest growing and most profitable part of Jaco’s business. He says Jaco’s LCD business grew about 20-25% annually over the last seven years.
Girsky says he decided to sell off the components business because with so much manufacturing moving to low-cost countries, it was hard to make a profit in the U.S.
“It was obvious to me that if I could extricate myself from the components business we would be more viable selling embedded solutions, doing value add, distributing pieces of LCD glass, or inverters or touch screens or single board computers here in the U.S.,” says Girsky.
Also see: Jaco signs deal with Canadian distributor
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