Avnet Buys Electronics Recycler Round2

Phoenix-based Avnet, the electronics distributor, said today that it has acquired ROUND2 Technologies, a provider of electronics recycling services. Financial terms of the acquisition were not disclosed. Round2 provides electronic testing and repair, product disassembly, and commodity recycling from facilities in Texas, Ohio, and Georgia. Avnet explained that ROUND2 had calendar year 2010 revenues of $40M. ROUND2 becomes part of Avnet Integrated Resources.