JACO ELECTRONICS history

Also in 1968, Jaco expanded to the West Coast by opening a sales headquarters and warehouse in Chatsworth, California.

Jaco made its initial public offering in 1970, raising $1.2 million by selling common stock at $7.50 per share.

In 1972 Semiconductor Concepts, Inc., was marketing semiconductors; Jaco International Ltd., electronic components sold to foreign markets; and Rampart Components, Inc., electronic parts as an exclusive distributor under license from recognized manufacturers.

Restructuring and Consolidation: 1982--90

In fiscal 1987 capacitors accounted for 49 percent of Jaco’s sales; semiconductors for 16 percent; electromechanical devices and motors for 26 percent; and other products for nine percent.

In 1988 it was representing more than 75 electronics manufacturers, selling through its own sales force and independent representatives to more than 8,000 customers.

Semiconductors accounted for 35 percent in fiscal 1989, electromechanical devices and motors, 18 percent, and resistor products, seven percent.

In 1994 the company entered the contract manufacturing field by purchasing Vermont-based Nexus Custom Electronics, Inc., a producer of printed circuit boards.

Interviewed by Dennis Garabedian for Long Island Business News, Joel Girsky described his company’s resurgence in these words: “At the end of 1995 the market got fire hot, fire red.