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Major company changes

Flint splits and launches three companies

As has been well documented, the component industry has been faced with the deepest and longest recession in its history. There have been several features of the changing market environment.

Whilst we at Flint have not been immune from the effects of the recession, the way we have dealt with it is very different from most of our competitors. One of the many advantages of private ownership is that we have always endeavored to do what is right for our customers, partners and staff as opposed to succumbing to the short term demands of shareholders and the city.

We undertook a high level strategic review of our business, and it became clear that we were operating as three separate businesses- a core interconnect passive, electromechanical and discrete semiconductor distributor, a niche demand creation specialist and a retail player in the fast growing smart card sector. Our very heritage has been based on focus and specialization, and in May 2003 we split the business into three companies, matching resource to opportunity with the intention of increasing our specialist value proposition to customers and partners alike.

Flint

Flint I, P, E & D is the newly formed core interconnect passive, electromechanical and discrete semiconductor distributor. As our competitors deemphasize the lower AUP products, we are determined to increase our value offering in this part of the market.

Over the last 5 years, we have always sought to be a leader in the application of technology to business processes and our operating systems and IT backbone are considered to be on a par with the very best in distribution. More recently we have invested heavily in a UK based robotics warehouse and a very comprehensive range of value added services.



 Released at:
09:00 30/04/2003

Author:
- Head Office

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