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Headquarters: Houston, TX
2015 Revenues: $267.6 million
Change in Sales from 2014: -2.3%
2015 Acquisitions: Absolute Industrial Fabricators
2015 Divestments: chemical logistics business
Key Executives: Bob Dill, CEO; Ellis Moseley, senior vice president & CFO; Jack Moore, senior vice president, sales; Tom McElroy, senior vice president, marketing; Gary Niemand, senior vice president, IT; Jeff Plath, senior vice president, operations, supply chain & quality
Hisco, an employee-owned company, is a distributor of electronic and industrial materials. E-commerce has been a growing focus for the distributor, with roughly 6 percent of sales coming through the "pure e-commerce channel" in 2015, according to Tom McElroy, senior vice president of marketing. That number nearly doubled by mid-year 2016, and the company plans to continue investing in this channel and in other online tools for its customers.
As with many other companies based in Texas, oil and gas has been an ongoing challenge for Hisco, especially in exploration activities. The company expects headwinds from lower industrial production to last through the fourth quarter.
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