2 Electronics Equipment Distributors to Unite : Merger: RicheyImpact Electronics of Garden Grove and a San Jose firm will merge in a stock swap deal.

GARDEN GROVE — Two distributors of electronics equipment have agreed to merge in a stock-swap deal.

RicheyImpact Electronics Inc., which is based in Garden Grove and employs about 160 people, will merge with Brajdas Corp., whose headquarters, now in San Jose, will move to Garden Grove. The resulting combination will be named Richey Electronics Inc. and will have annual sales of about $72 million.

The companies distribute computer components such as power supplies.

William C. Cacciatore, chairman of RicheyImpact, will become chairman of the new company. At the closing, Brajdas Chairman Donald Zimmerman will resign his post as chief executive and retain a position on the board.

Cacciatore would not say Thursday whether Brajdas’ 120 employees will stay on at the new company. He said he will answer such questions after the deal closes. Zimmerman said the headquarters staff of Brajdas would eventually move to the new company’s Garden Grove headquarters.

The closing is contingent on government approval and the securing of financing from RicheyImpact’s lender.

RicheyImpact will receive 53% of the shares outstanding of BRJS Investment Holding Corp., which in turn will receive 89% of Brajdas’ common shares outstanding.

Brajdas will issue 10.9 million shares of common stock to BRJS Investment in exchange for $4.05 million in cash before the closing of the deal, expected next week.

RicheyImpact shareholders will receive $1.2 million in junior subordinated debt to be issued by BRJS Investment.