THIEF RIVER FALLS, MN – Electronic components distributor Digi-Key Corp. surpassed $1.5 billion in global sales for the first time last year, generating $500 million in the fourth quarter alone. The record-setting total represents a 64% year-over-year sales increase.

The largest annual sales gains were in Europe (120%), Africa (118%), Asia-Pacific (115%), and the Middle East (78%).

The company is projected to reach nearly $1.8 billion in worldwide sales for 2011.

MELVILLE, NY -- Park Electrochemical, which sources a "significant amount" of raw materials used in its products are sourced from suppliers based in Japan, today said it could not provide insight as to how its supply chain might be affected by last weeks' earthquake.

Read more: Park Can't Determine Quake's Supply Chain Impact