Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 13, 1995
KENT ELECTRONICS CORPORATION
(Exact name of registrant as specified in its charter)
Texas 0-14643 74-1763541
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
7433 Harwin Drive
Houston, Texas 77036-2015
(Address of principal executive offices)
Registrant's telephone number, including area code (713)780-7770
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Item 5. Other Events
The Registrant acquired a 66-acre parcel of land and a four-
year option to purchase an adjacent 30 acres in Sugar Land, Texas.
The Registrant plans to immediately begin the construction of a
250,000 square foot manufacturing facility for its subsidiary.
Item 7. Exhibits
Exhibit A. Press release dated March 8, 1995.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
KENT ELECTRONICS CORPORATION
Dated: March 13, 1995 By: /s/ Morrie K. Abramson
Morrie K. Abramson
Chief Executive Officer
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EXHIBIT A
CONTACT: Stephen J. Chapko
Vice President/Treasurer
713-780-7770
FOR IMMEDIATE RELEASE
KENT ELECTRONICS ACQUIRES LAND FOR EXPANSION
Houston, Texas, March 8, 1995 - Kent Electronics Corporation
(NYSE:KNT) today announced it has purchased a 66-acre parcel of
land and acquired a four-year option to purchase an adjacent 30
acres in Sugar Land, Texas. The site is located in the Sugar Land
Business Park, east of Eldridge Road and fronts the north side of
Jess Pirtle Boulevard. The Company plans to immediately begin the
construction of a 250,000 square foot manufacturing facility for
the Company's K*TEC Electronics subsidiary. Initial occupancy by
approximately 400 associates is scheduled for this fall. Financial
terms were not disclosed.
Morrie K. Abramson, Chairman and Chief Executive Officer,
commented, "The purchase of this land for facility expansion is an
investment in the Company's future. We need to be able to meet the
growing demand from our customers and to continue to maintain our
high level of customer service. Based on our current growth rate,
we are reviewing plans to construct additional manufacturing,
distribution and administration facilities on this campus over the
next three years." Mr. Abramson added, "Our initial review
indicates that a full utilization of the 66-acre campus would
provide our operations with a capacity of 1,250,000 square feet --
750,000 for manufacturing, 350,000 for distribution and 150,000
for administration, and employ approximately 2,000 associates."
Kent Electronics is a national specialty electronics
distributor and a multi-plant custom contract manufacturer. Kent
distributes electronic connectors, wire & cable, passive and
electromechanical products to original equipment manufacturers and
industrial users and provides local area network (LAN) interconnect
wiring products to the voice and data communications aftermarket.
The Company is a custom contract manufacturer of electronic
interconnect assemblies, other subassemblies and custom battery
power packs.
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