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Mouser Electronics has been awarded the 2022 Global Distributor of the Year — Pinnacle Award by Qorvo, recognizing its significant contributions to Qorvo’s growth in key technology sectors. This marks the second time Mouser has received this accolade, having previously won in 2018. The award highlights Mouser's role as a leading internet channel partner, enhancing Qorvo's market share in areas such as 5G, Wi-Fi, and power management solutions. Mouser’s extensive product range supports various applications, reinforcing its commitment to quality and customer service.
AM Best has placed under review with positive implications the Financial Strength Ratings (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) for Transatlantic Reinsurance Company and its subsidiaries, as well as for Alleghany Corporation (NYSE: Y) and RSUI Indemnity Company. This action follows Berkshire Hathaway Inc.'s acquisition of Alleghany, which is likely to bolster the ratings due to Berkshire's financial resources. Three companies are affected, including Capitol Indemnity Corporation, whose ratings have also been placed under review.
Berkshire Hathaway has successfully completed its acquisition of Alleghany Corporation, with shareholders receiving $848.02 per share in cash. The total equity value of this transaction amounts to approximately $11.6 billion. Alleghany will continue to operate as a wholly-owned subsidiary under the leadership of Joe Brandon. Financial advisory was provided by Goldman Sachs, while legal services were rendered by Willkie Farr & Gallagher LLP for Alleghany and Munger, Tolles & Olson LLP for Berkshire.
Lubrizol has unveiled CompuZol™ ICS, a fully warrantied immersion-ready cooling solution, in collaboration with Intel at the 2022 OCP Global Summit in San Jose, California. This innovation aims to streamline the transition to immersion cooling in data centers, addressing concerns about performance and warranty. With data centers consuming up to 200 terawatt hours annually for cooling, this solution offers a sustainable alternative that enhances energy efficiency and computing power. Live demonstrations and insight sessions will showcase its capabilities during the event.
Berkshire Hathaway has received all regulatory approvals for its acquisition of Alleghany Corporation, with an expected closing date of October 19, 2022. This merger, announced on March 20, 2022, was approved by Alleghany's stockholders on June 9, 2022. Both companies engage in diverse business activities, with Berkshire primarily in insurance and Alleghany focused on property and casualty reinsurance. The acquisition aims to enhance Berkshire's portfolio and is subject to customary closing conditions.
Eaton Corporation and The Lubrizol Corporation have announced a collaboration aimed at advancing sustainable turnkey immersion cooling solutions for data centers and computing applications. This partnership will combine Lubrizol’s advanced thermal management fluids with Eaton's extensive data center expertise. The initiative addresses the critical need for energy efficiency, as data centers currently consume vast amounts of electricity, with a significant portion allocated to traditional cooling methods. Both companies will showcase their solutions at the Open Compute Project Global Summit from October 18-20, 2022.
Lubrizol has announced a significant advancement in immersion cooling technology with its patented CompuZol™ fluids. The company will showcase this innovation at the Open Compute Project Global Summit, taking place from October 18-20, 2022, in San Jose, CA. A groundbreaking announcement in collaboration with Intel will highlight their multiyear efforts to enhance computing power sustainably. Additionally, Lubrizol will provide live demonstrations and share ongoing proof-of-concept results during the event.
Mouser Electronics has announced that its Vice Presidents, Tina Sears and Kristin Schuetter, received the Women in Supply Chain award from Supply & Demand Chain Executive. This prestigious recognition honors female supply chain executives for their achievements and mentorship. Over 280 nominations were submitted, highlighting leaders across various sectors. Sears acknowledged the award as validation of their efforts in navigating supply chain challenges post-COVID. Schuetter expressed gratitude for the honor and enthusiasm for the community of resilient women in supply chain.
International Dairy Queen Inc. (IDQ) announced its vendor of the year award winners at the DQ Supply Chain Summit held on September 21, 2022, in Marco Island, Florida. The awards recognized exemplary U.S. and Canadian vendors for their support to IDQ and its network of franchise owners. U.S. winners include Classic Mix Partners, Avalon Foodservice, Parts Town, and TR Toppers. Canadian winners include Saputo Dairy Products Canada GP, Gordon Food Service, and Sofina Foods Inc. IDQ emphasized the importance of its vendors for enhancing customer experience and service in the quick-service restaurant industry.
Mouser Electronics, a global distributor, expands its line card by adding 36 new manufacturers through August 2022. This growth increases its offerings to over 1,200 manufacturer brands, catering to design engineers, component buyers, and educators. In response to semiconductor shortages, Mouser maintains a robust inventory of over 1 million unique SKUs, enhancing its capability to support global manufacturers. Key partners include Solidigm and Allegro MicroSystems, offering cutting-edge technologies.