Bel Awards Farnell element14 with High Service Distributor of the Year for EMEA, at Electronica
Jersey City, NJ [November 29, 2018] Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB) the leading global manufacturer of products that power, protect and connect electronic circuits, awards Farnell element14 with the High Service Distributor of the Year award, for Y2018. The criteria of this award is based on overall sales growth, marketing support/engagement and customer service.
“Bel is thrilled with Farnell element14’s growth over this past year, in EMEA, said Paul Ochmann, Director of Sales for Bel Europe. Through a mutual collaboration on new product introductions, marketing and sales growth, Bel has been able to enhance our products/brands, available inventory and brought our teams closer together.”
“This award is testament to the progress our business has made over the last eighteen months; driven by significant investment in inventory and logistics and our ongoing focus on delivering a multichannel route to market for our supplier partners”, said Chris Breslin, President of Premier Farnell and Farnell element14. “We have worked closely with our partners at Bel, to develop our partnership further and maximize the opportunities created by broader and deeper stocking in our Belgium and UK-based warehouses.”
Image caption:
Pictured left to right: From left to right: Peter Walmsley, Director-EMEA Distribution, Cinch Connectivity Solutions; Pete Bittner, President, Bel Connectivity Solutions; Dan Bernstein, President and CEO, Chris Breslin, President, Premier Farnell and Farnell element14; Jade Gallagher, Supplier Account Manager, IP&E, Farnell element14; Andy Jones, European Distribution Manager-Bel, Jeff Uden, Global Director IP&E, Farnell element14
About Farnell element14
Farnell element14 is part of the Premier Farnell group of businesses, a global technology leader with over 80 years in the high service distribution of technology products and solutions for electronic system design, production, maintenance and repair. Premier Farnell uses this experience to support its broad customer base, from hobbyists to engineers, maintenance engineers and buyers as ‘The Development Distributor’, working with leading brands and start-ups to develop new products for market, and supporting the industry as it seeks to develop the current and next generation of engineers.
Premier Farnell is a business unit of Avnet (Nasdaq: AVT). Premier Farnell trades as Farnell element14 in Europe, Newark element14 in North America, and element14 throughout Asia Pacific. The Premier Farnell Group is supported by a global supply chain of more than 3,500 suppliers and has an extensive inventory profile developed to anticipate and meet the needs of innovative customers everywhere. Premier Farnell sells direct to consumers through a network of resellers, and its CPC business in the UK.
About Bel
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
Forward Looking Statements
Except for historical information contained in this press release, the matters discussed in this press release are forward looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results could differ materially from Bel's projections. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products; our ongoing evaluation of the consequences of the U.S. Tax Cuts and Jobs Act; the impact of changes to U.S. trade and tariff policies; and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward looking statements.
Media Contact:
Mary Benetti-Condon
Mary.benetticondon@belf.com