CENTENNIAL, Colo.–Arrow Electronics, Inc. (NYSE: ARW) was awarded both “Global Distributor of the Year” and “Americas Distributor of the Year” by ON Semiconductor earlier this month.

ON Semiconductor’s annual awards honor the distributor in each region that led overall channel sales, grew market share, captured increased sales of products from acquisitions and scored highly on overall process execution.

“Distribution sales accounted for approximately 60 percent of ON Semiconductor’s 2016 annual revenues, compared to 45 percent in 2015,” said Jeff Thomson, vice president of global channel sales for ON Semiconductor. “The support of our worldwide distribution partners, like Arrow, is fundamental to the success of ON Semiconductor’s ongoing plans to increase market penetration and grow revenue at a faster pace than the industry.”

“These two awards are a testament to Arrow’s ability to drive sales growth and market expansion for our suppliers and customers around the world,” said David West, vice president of semiconductor marketing for Arrow. “Arrow Electronics is honored by this recognition, and we look forward to continuing our productive collaboration with ON Semiconductor.”