1/25/2016 2:31:00 PM
HEADLINES
WINA Sales Up a Third; Global Würth Sales Up 9%
Marc Strandquist
Wurth Industry North America sales jumped from $380 million for 2014 to $505 million for 2015 or 32.9%.
WINA has goals to substantially increase sales in the coming decade. WINA, an assembly component distributor with eight companies, has projected U.S. sales in 2016 of $700 million. Executive VP Marc Strandquist said Würth’s goal is $1 billion by 2020.
During 2015, Würth Group acquired Des Moines Bolt of Iowa. The other seven WINI companies are Würth Adams, Brooklyn Park, MN; Würth Revcar, Roanoke, VA; Würth Service Supply, Indianapolis; Würth Snider, Louisville, KY; Würth Timberline, Commerce City, CO; Marine Fastener, Sanford, FL; and Northern Safety & Industrial, Frankfort, NY.
Globally, the Würth Group reported 2015 sales worldwide grew 9% to Euro 11.05 billion (US$12.03b).
For the global Würth Group, the months of September and October 2015 set Würth records with sales topping Euro 1 billion (US$1.09b).
Robert Friedmann, chair of the central managing board of the Künzelsau, Germany-headquartered Würth Group, credited “successful regional expansion of individual business units, the branch office network and the sales force.”
• Exchange rate fluctuations had a positive effect for the Würth Group, adding sales growth by 2.5%, Friedmann noted.
• The number of Würth employees rose from 66,044 to 68,922 worldwide.
Approximately 31,000 employees are sales representatives. During 2015, Würth hired 1,000 additional sales representatives and plans to add another 1,500 in 2016.
• Würth will continue investments in multi-channel distribution – including sales force, branch offices and e-business.
• Southern and Eastern Europe achieved above-average growth; Spain grew 11.6%; North American companies “developed positively as well”; and Germany sales volume grew 4.2%.
• Würth Group made “targeted investments in new acquisitions in promising foreign markets.” That included the acquisition of Des Moines Bolt, a supplier of primarily agriculture and construction fasteners in the U.S., with 2015 sales of US$40 million.
• The Würth Group’s equity capital increased by Euro 300 million (US$326.4m) to Euro 4 billion (US$4.35b), which corresponds to an equity ratio of 44%.
The Würth Group consists of 400+ companies in 80 countries. Würth sells 100,000 products from screws, accessories and anchors, technical chemicals and protective equipment.
Allied companies in the core business or in diversified business areas offer products for DIY stores, material for electrical installations, electronic components such as circuit boards and financial services. The allied companies generate 40% of Würth Group sales. Web: Wurth.com
For more Würth articles, click on the Fastener History section.
1997 FIN – Global Giant Würth Reentering North American Fastener Market]
Last month Service Supply Company of Indiana, with 41 midwestern branches in 21 states, announced it was negotiating a sale to Würth group….
1999 FIN – Reinhold Würth to NFDA: Future Belongs to the ‘Quick Ones’
“My mother intended for me to be a teacher so I would have holidays off and an easy life,” the fastener billionaire said, setting off laughter in the National Fastener Distributors Association audience….
2001 FIN – Würth Breaks 2001 Two-Digit Billion Sales Goal; Seeks 16% of Worldwide Fastener Market
“In the coming 10 years we will be able to think in dimensions of sales of DM20 billion to 30 billion,” the chair of the privately held Würth Group predicted….
2001 FIN – Win Adams: Getting the Order
“My strength was always getting an order,” Adams reflects on his 38 years in the fastener industry. “I was destined to be in a sales company.”…
2007 FIN – Würth Group Sets Worldwide Sales Record
“A generation change often brings family-run businesses to the brink of ruin because the handover of the business did not start soon enough or with a clear line,” Bettina Würth wrote. “Not in our case.”
FIN Subscribers may read:
January 8, 2015 FIN – Würth Tops Eur 10 Billion in Sales for 2014
All regions of the worldwide company increased sales. Würth’s sales in its home country of Germany grew 4.1% and North American Würth sale rose 8.6%…
April 1, 2015 FIN – NFDA Sees Würth’s Logistics in Action in Germany
In 1999, there was a 302-acre wooded property on the edge of Bad Mergentheim, Germany. By 2014, Würth Industrie Service GmbH & Co. KG was operating 551,650 sq ft of logistics space and 8.1 miles of conveyor belts on the property, processing 7,800 tons of product per month there.
August 28, 2015 FIN – Würth Group Nears Double-Digit Growth
Acquisitions and e-business driving sales gains…
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