Würth Industry North America detailed its strong 2022 revenue growth in an Aug. 25 news release, to which the distributor of fasteners, MRO and safety equipment attributed to the company’s divisional structure.
At $1 billion+ in 2021 revenue, Indianapolis, Indiana-based WINA is No. 17 on MDM’s 2022 Top Industrial Distributors list, No. 7 for MRO, No. 4 for fasteners and on our unranked safety list. It had
WINA said that its 2022 year-to-date revenue through July was up 16.5% vs. the same period in 2021, adding that, despite ongoing supply chain challenges and an unstable economic situation, the company was able to carry its growth momentum from 2021 and is on track to report the largest annual sales volume in its 26-year history.
WINA is a subsidiary of Germany-based Würth Group — the world’s largest industrial distributor at $21 billion in 2021 revenue.
“Even against the economic and market challenges we faced in the first half of 2022, we continue to see double-digit sales growth through our divisional structure,” shared Dan Hill, WINA’s CEO. “Our divisions are wholly focused on their vertical market and offer unparalleled product range, services, and expertise to their respective industries. The continued growth of Würth Industry North America relied on the execution of an alignment that highlights the strengths and capabilities of the historical companies.”
WINA said that its MRO, Safety & Metalworking division saw 22.7% sales growth in the January-July period, while its Industrial division — which includes domestic and international business from Canada, Mexico and Brazil — grew 14.8%. Construction and Speciality are the company’s two other divisions.
The company’s alignment into those divisions was completed in 2021 after a multi-year business transformation that was designed to streamline and optimize the operations, product range and purchasing power of the WINA group of North American companies and grow total sales. Since then, all four divisions have shown total year-over-year sales growth, said WINA.
Alongside its revenue growth, the company added 128 new employees during 2022’s first seven months, bringing its headcount to 2,534 as of Aug. 25 — up 5.3% since the end of 2021. This year also saw WINA lease a 387,558-square-foot facility in Roanoke, Virginia that will serve as headquarters and logistics center for the Würth Revcar – Industrial Division business across the Eastern United States.