About Seller: In 1960, a group of six families identified a growing demand within the rapidly expanding high-tech industries for consistently high-quality electronic components. These industries not only required superior products, but also expected their suppliers to have a deep understanding of their needs and to offer specialized services and expertise to help meet those needs. As a response to this demand, Electronic Fasteners Inc. (EFI) was established in the same year in a small office located in South Boston.
The primary goal of EFI was to supply a wide range of fasteners, with a focus on military-grade fasteners specifically used by the electronics, aerospace, and defense sectors. The company experienced significant growth and profitability in its inaugural year. By 1965, EFI had outgrown its 3,500 square foot basement office and relocated to a 20,000 square foot warehouse. The warehouse was further expanded by an additional 10,000 square feet in 1972.
Today, Electronic Fasteners, Inc. remains a respected wholesale stocking distributor of fasteners and related products and services. Despite its growth, the company has retained its family-owned structure, with five of the original founding families still actively engaged in the business. This ensures that EFI benefits from generations of experience within the fastener industry dedicated to serving its customers.
Key points about EFI include:
- EFI operates from a 30,000 square foot office and warehouse facility in Waltham, Massachusetts, employing a workforce of forty individuals.
- The company boasts a 55-year history of consistent and progressive growth, with minimal debt and a top Dun & Bradstreet credit rating of 3A1.
- EFI's workforce is known for its high level of commitment, extensive experience, and low turnover rates, with some employees having been with the company for over three decades.
- The company serves a diverse clientele, ranging from small auto repair shops to US military contractors and MRO facilities across the country.
- In addition to stocking standard inch and metric fasteners, EFI specializes in hard-to-find items, specialty fasteners, military standard products, and custom-made fasteners.
- The company also carries a range of tools and accessories for fastener applications, such as hex keys, adhesives, gloves, and abrasives.
- EFI maintains an on-hand inventory worth over $2 million, comprising over 25,000 different items and more than 100 million pieces.
- Services offered include inventory management, kitting, secondary processing, custom labeling, and custom inspection services with an ISO 9001-2008 certificate.
- EFI's ERP software enables the company to deliver exceptional customer service efficiently and accurately, providing real-time information on stock levels and customer requirements.
- The company's guiding principle is to consistently deliver the right quantity of the right fastener at the right price, on time, every time.