As the Memec name disappears and Premier Farnell is acquired, a distribution veteran steps down

After over 40 years Memic name has disappeared from the distribution world . The company was established by Dick Skipworth in 1974 and run at first from his home, Memec – Microelectronics and Memory Company – shot to acclaim by revise the guidelines of how electronic components were derived and sold.  Memec as a company was specialised in finding new components for new businesses – overwhelmingly on the US WestCoast – and selling them aggressively  into Europe. Earlier, distribution was more about fulfilment. In such a way company was so successful that when it went public in 1980, the offer was oversubscribed by more than 50 times..

Read Full News Here