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Electronic Fasteners, Inc.
Waltham Massachusetts US 2454
About Seller: In 1960, a group of six families identified a growing demand in the rapidly expanding high-tech industries for consistently superior electronic components. These industries required suppliers who understood their specific needs and could provide services and product specialists to assist them in meeting those needs. Consequently, Electronic Fasteners Inc. (EFI) was established that same year in a small office located in South Boston. The primary objective of EFI was to distribute fasteners of various types, with a specialization in military quality fasteners utilized by the electronics, aerospace, and defense sectors. EFI experienced significant growth, achieving profits in its inaugural year. By 1965, the company relocated from a 3,500 square foot basement to a 20,000 square foot warehouse, subsequently expanding the warehouse by an additional 10,000 square feet in 1972. Presently, Electronic Fasteners, Inc. (EFI) remains a wholesale stocking distributor of fasteners and associated products and services. The company remains under family ownership, with five of the original founding families actively engaged in its operations. This ensures that multiple generations of fastener industry expertise are dedicated to serving clientele. Here are a few key points about our business:
- EFI operates with a staff of forty individuals working out of 30,000 square feet of office and warehouse space located in Waltham, Massachusetts.
- We pride ourselves on our 55-year history of consistent, progressive growth, minimal debt, and a Dun & Bradstreet credit rating of 3A1, the highest available D&B rating.
- Our team is distinguished by their high level of commitment, extensive experience, and low turnover rates, with some employees having served the company for over three decades.
- We cater to a diverse array of customers, ranging from small auto repair shops to US military contractors and repair and operations MRO facilities nationwide.
- In addition to stocking standard inch and metric fasteners, we specialize in hard-to-find items, specialty fasteners, close-tolerance, military standard, and custom-made fasteners.
- Our inventory also includes tools and accessories for fastener applications, such as hex keys, multi-tools, adhesives, gloves, screwdrivers, abrasives, and more.
- With an on-hand inventory exceeding $2 million, comprising over 25,000 different items and more than 100 million pieces, we are well-equipped to meet customer demands.
- We offer tailored services to ensure cost-effective fastener purchases, including inventory management, kitting, secondary processing, and custom labeling.
- Holding an ISO 9001-2008 certification, we are capable of providing custom inspection services.
- Our ERP software enables us to deliver prompt and accurate customer service, providing real-time information on stock levels and customer requirements.
- Our guiding principle is to deliver the right quantity of the right fastener at the right price, on time, every time.