AVX ANNOUNCES STRATEGIC ALLIANCE WITH MASTER DISTR

GREENVILLE, S.C., Oct. 28, 2013 (GLOBE NEWSWIRE) -- AVX Corporation, a leading manufacturer of passive components and interconnect solutions, has signed an agreement with leading authorized master distributor, Waldom Electronics. Waldom, which caters to the unique needs of distributors, will offer an extensive portfolio of AVX's best-in-class tantalum, ceramic, film, and niobium oxide capacitors to its vast network of small to medium sized regional distributors who have a substantial local presence, but otherwise do not meet the requirements for being an authorized distributor.  Waldom will also offer support for stock outs, extended EOLs, new product introductions, and engineering kits designed to facilitate the design-in of AVX products in a broad range of end-market applications.  

"Joining with Waldom will provide the distribution market with the support it needs across the full range of components that we manufacture.  It also enables us to efficiently and cost effectively service portions of our end customer base whose needs can't readily be met by AVX or many of our existing authorized distributors.  By providing preferred pricing, broken pack quantities, low minimum order quantities, off-the-shelf delivery, and custom kitting specifically tailored to the unique needs of many distributors, Waldom is helping AVX supply our best-in-class components –which consistently meet or exceed customer expectations with regard to quality, value, cost, safety, performance, and reliability– to an even broader segment of this key sales channel, so we are very happy to engage with Waldom," said AVX Vice President of Sales, Pete Venuto.  

"Working with premier suppliers like AVX is precisely the type of strategy that has earned Waldom Electronics its reputation as the recognized leader in the billion-dollar electronic component redistribution market, so we are thrilled to be able to offer AVX's broad range of advanced capacitor products and, subsequently, to provide support to both AVX's authorized partners and the more than 2,500 small and medium sized regional distributors that we service," said Waldom Electronics Corporation General Manager, Robert Derringer.

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

About Waldom Electronics

Waldom Electronics is a full-service master wholesale distributor that provides brand-name components to more than 3,000 distributors in established and emerging markets worldwide.  Waldom serves its supplier partners and distributor customers from one of the widest selections of inventory in the industry, providing programs and services that increase sales and market share, reduce suppliers' cost-to-serve, expand markets, and recover value on slow moving, excess, and end-of-life product.  The company has sales offices in North America, Europe, and Asia and makes same-day shipments worldwide.  For more information, please visit www.waldom.com , call 815-968-9661, or write to Waldom Electronics, 1801 Morgan Street, Rockford, IL 61102-2690.

A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=21857

For more information, contact: Callie Baldwin Corporate Communications Director, AVX 864-967-9375