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Ingram Micro: Retention From Big Buy Better Than Projected

Santa Ana-based Ingram Micro Inc.'s chief executive said the technology products distributor is seeing better than expected returns from its buy of Australia's Tech Pacific Ltd. a year ago.

An expected loss of business from the acquisition has fallen short of expectations, Ingram said in its third-quarter report.

"It has not been as bad as we thought it could be," said Chief Executive Greg Spierkel, who headed up the $530 million Tech Pacific buy-Ingram's largest-as co-president before becoming chief executive in June.

Ingram didn't give specifics on how much Tech Pacific business it lost as a result of the deal. It did say sales in Asia, Tech Pacific's market, were $1.2 billion in the ...

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