An information technology asset disposal facility in Windsor will shutter in September, causing 143 job losses, its owner disclosed to state labor officials.
Colorado-based Arrow Electronics said Arrow Value Recovery, located on Helmsford Way, would close around Sept. 14. Arrow is a global electronics distributor with nearly 350 worldwide locations and $29.7 billion in annual sales.
Arrow spokesman John Hourigan said Monday that the closure is part of a broader wind down of an Arrow business unit.
“On a daily basis, Arrow Electronics constantly aligns our services and offerings to the ever-changing needs of customers and suppliers in this dynamic market,” Hourigan said. “Along these lines, Arrow has completed a strategic review of our personal computer and mobility asset disposition business. As a result of our review, and with consideration of Arrow’s broader strategy, we are changing our approach to this business.”
The publicly traded company announced the wind down to investors on July 15.
The business unit, which Arrow believes is “not sustainable over the long term,” has facilities in the U.S., Sweden, United Kingdom and across Europe.
Arrow said it will keep its focus on artificial intelligence, industrial automation, smart cities and vehicles.
