Sourcetoday 584 7171866560f23223136cb 1

Distributors Named to Fortune 500

June 13, 2016
Avnet Inc. and Arrow Electronics make the Fortune 500 list of largest companies in the United States; TTI, Mouser and Sager parent company Berkshire Hathaway ranks 4th in annual listing.
Rick Hamada, CEO, Avnet, Inc.

The 2016 Fortune 500 is out, and the two largest American distributors of electronic components make the list once again. Avnet ranks 102nd, rising six spots from last year’s ranking, and Arrow Electronics came in at number 119.

Ranking high on the list is Berkshire Hathaway, at number 4, which owns industry leader TTI, Inc., Mouser Electronics and Sager Electronics.

Commenting on this year’s list, Avnet CEO Rick Hamada pointed to the distributor’s focus on growth. This is Avnet’s 22nd year on the Fortune 500.

“Avnet’s ranking on the FORTUNE 500 reflects our team’s ongoing commitment to growth,” Hamada said. “We have a unique view into how rapidly changing technology is creating new choices, connections and opportunities across our global landscape. We’re applying these insights to position us, along with our customers and suppliers, to capitalize on these changes and stay on the path to success today, tomorrow and for the long term.”

A handful of other business-to-business distributors made the list this year as well, including industrial products distributor W.W. Grainger, at number 285; electrical products distributors WESCO Distribution, at number 357, and Graybar Electric, at number 423; and communications and security products/electrical and electronic wire and cable supplier Anixter, at number 391.

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About the Author

Victoria Kickham | Distribution Editor

Victoria Kickham is the distribution editor for Electronic Design magazine, SourceESB and, where she covers issues related to the electronics supply chain. Victoria started out as a general assignment reporter for several Boston-area newspapers before joining Industrial Distribution magazine, where she spent 14 years covering industrial markets. She served as ID’s managing editor from 2000 to 2010. Victoria has a bachelor’s degree in English from the University of New Hampshire and a master’s degree in English from Northeastern University.