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INGRAM MICRO ANNOUNCES PLANS FOR 550,000-SQUARE-FOOT PAN-EUROPEAN DISTRIBUTION CENTEREuropean Facility Will Serve The Netherlands, Germany And BelgiumSANTA ANA, Calif., and HEERLEN, The Netherlands, June 24, 1998Ingram Micro Inc., the world's leading wholesale distributor of technology products and services, today announced plans for the construction of one of the largest and most technologically advanced distribution centers in Europe. The 550,000-square-foot facility will be located in Heerlen, The Netherlands. The groundbreaking for the Pan-European center is planned for September 1998, and is scheduled for completion in early 2000. The facility will serve the Benelux and German markets, and is strategically located on the Dutch/German border with easy access to airports, railways and roadways. The center is in close proximity to the company's recently announced channel assembly center in Ns-Hertogenbosch, The Netherlands, and will have the potential capacity to support 40,000 pallet locations and up to 15,000 stock keeping units (SKUs) when fully operational. "This is a very exciting event for Ingram Micro," said Philip D. Ellett, executive vice president and president, Ingram Micro Europe. "This first-of-its-kind Pan-European distribution center will allow us to deliver even more efficient and effective service levels to our customers. We're delighted to grow and expand in this key geographic region." "The Netherlands Foreign Investment Agency (NFIA), the Province of Limburg, the city of Heerlen and the Limburg Development Company (LIOF) are very pleased with this success," said Heer Pleumeekers, mayor of Heerlen. "The investment project will have a major impact on Heerlen and its surrounding area. In addition, to the direct employment, which will result from this project, it is anticipated that the size and efficiency of this new operation will attract other suppliers to locate here, generating more business for the local community. The project will further strengthen the ICT infrastructure, identified by the province of Limburg and LIOF as a key field of interest for the region." About Ingram Micro EuropeIngram Micro is serving the European marketplace from 13 countries and an approximately 100,000-square-foot state-of-the-art channel assembly integration center, located in Ns-Hertogenbosch, The Netherlands.About Ingram Micro Inc.Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries and distribute more than 145,000 products to more than 100,000 resellers in 120 countries.FORWARD-LOOKING STATEMENTSCertain statements in this press release may be forward-looking statements that involve risks and uncertainties. Words, such as "anticipates," "intends," "plans," "believes," "seeks," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on current expectations and projections about the technology distribution industry and assumptions made by Ingram Micro's management and are not guarantees of future performance. Therefore, actual events and results may differ materially from those expressed or forecasted in the forward-looking statements due to factors such as those identified in Exhibit 99.1 of Ingram Micro's Annual Report on Form 10-K for the fiscal year ended January 3, 1998. Other risks or uncertainties may be detailed from time to time in Ingram Micro's future Securities and Exchange Commission filings. Ingram Micro undertakes no obligation to update any forward-looking statements in the press release. ContactKirsten Frosh |
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