Richey Electronics Completes Acquisition

Richey Electronics Inc. said Wednesday it has completed its acquisition of Deanco Inc. of Santa Clara for $34.1 million in stock and will assume $19.3 million in Deanco debt. Richey, an electronic components distributor based in Garden Grove, said the acquisition will broaden its distribution reach in key American markets. The combined company becomes the 16th-largest electronics distributor in the United States, with 1995 sales estimated at $221 million.