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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. Recognizing the need for suppliers who understand their clients' requirements and can provide specialized services and products, these families came together to establish Electronic Fasteners Inc. (EFI) in a small office in South Boston. The company's focus was on providing a wide range of fasteners, with a specialization in military-grade fasteners for the electronics, aerospace, and defense sectors.
Since its inception, Electronic Fasteners has experienced significant growth and success. The company quickly turned a profit in its first year and expanded from a 3,500 square foot basement to a 20,000 square foot warehouse in 1965. By 1972, an additional 10,000 square feet were added to the warehouse space. Today, EFI remains a family-owned business, with five of the original founding families actively engaged in the company, bringing generations of experience in the fastener industry to their customers.
Key points about EFI include:
- The company operates out of a 30,000 square foot office and warehouse facility in Waltham, Massachusetts, with a dedicated workforce of forty employees.
- With a 55-year history of stable growth, minimal debt, and a Dun & Bradstreet credit rating of 3A1, EFI is proud of its financial stability.
- The company boasts a workforce characterized by high commitment, experience, and low turnover, with some employees having been with the company for over three decades.
- EFI serves a diverse range of customers, from small auto repair shops to US military contractors and repair and operations facilities nationwide.
- In addition to standard inch and metric fasteners, EFI specializes in hard-to-find items, specialty fasteners, close-tolerance, military standard, and custom-made fasteners.
- The company's inventory includes over $2 million worth of products, comprising 25,000 different items and more than 100 million pieces, ensuring customers have access to a wide selection.
- EFI offers a range of services tailored to meet customer needs, including inventory management, kitting, secondary processing, and custom labeling.
- Holding an ISO 9001-2008 certificate, EFI provides custom inspection services to ensure quality and compliance.
- Utilizing ERP software, EFI delivers efficient and accurate customer service, with real-time information on stock levels and customer requirements.
- The company's motto is to provide the right quantity of the right fastener at the right price, delivered on time, every time.