Electronic Fasteners, Inc.

Waltham Massachusetts US 2454

About Seller: In 1960, a group of six families identified the growing demand for high-quality electronic components in the rapidly expanding high-tech industries. These industries required suppliers who could not only meet their needs but also provide specialized services and products to assist them. Consequently, Electronic Fasteners Inc. (EFI) was established that same year in a small office in South Boston. The company focused on offering a wide variety of fasteners, with a specialization in military-grade fasteners for the electronics, aerospace, and defense sectors. EFI experienced significant growth from the start, achieving profitability in its first year of operation. By 1965, the company had outgrown its 3,500 square foot basement office and relocated to a 20,000 square foot warehouse. In 1972, an additional 10,000 square feet were added to the warehouse to accommodate the expanding business. Today, EFI remains a family-owned wholesale stocking distributor of fasteners and related products and services. Five of the original founding families are still actively involved in the company, bringing generations of industry experience to their clients. Some key points about EFI include: - The company operates out of a 30,000 square foot office and warehouse space in Waltham, Massachusetts, employing a workforce of forty individuals. - With a 55-year history of steady growth, EFI has maintained minimal debt and holds a top Dun & Bradstreet credit rating of 3A1. - The company boasts a highly committed and experienced workforce with low turnover rates, with some employees having been with EFI for over 30 years. - EFI serves a diverse range of customers, from small auto repair shops to US military contractors and repair and operations (MRO) facilities nationwide. - In addition to standard inch and metric fasteners, EFI specializes in hard-to-find items, specialty fasteners, close-tolerance, military standard, and made-to-print fasteners. - The company also stocks tools and accessories for fastener applications, such as hex keys, multi-tools, adhesives, gloves, screwdrivers, and abrasives. - EFI's on-hand inventory exceeds $2 million, comprising 25,000 different items and over 100 million pieces. - Customized services are available to meet clients' cost-effective fastener needs, including inventory management, kitting, secondary processing, and custom labeling. - EFI holds an ISO 9001-2008 certificate and offers custom inspection services. - The company's ERP software enables them to deliver exceptional customer service by providing real-time information on stock levels and customer requirements. - EFI's motto is to deliver the right quantity of the right fastener at the right price, on time, every time.