On April 3, Thief River Falls, Minnesota-based electronic components and automation products distributor Digi-Key Electronics announced it is celebrating the company’s 50th year in business.
Digi-Key said team members will be recognized and commemorate the milestone during a weeklong celebration of appreciation and during company events throughout the year. Thief River Falls Mayor Brian Holmer proclaimed April 3, 2023 as “Digi-Key Day in the city of Thief River Falls.”
“As we celebrate this milestone year, we want to thank our team members, customers, partners, suppliers and our Thief River Falls community,” said Dave Doherty, President of Digi-Key. “Our mutual success over these 50 years has been driven by your passion, dedication and loyalty. Together, we’ve grown and excelled, and we know that an even brighter future awaits us all.”
Digi-Key ranked No. 4 on MDM’s 2022 list of Top Electrical Distributors. In 2022, the company reached sales of $5.1 billion, processing and shipping more than 6.5 million orders around the world every year.
The company announced Feb. 7 that it significantly expanded its portfolio in 2022, adding more than 550 new suppliers across their core business, Digi-Key Marketplace and Fulfilled by Digi-Key program. Digi-Key also added over 75,000 new SKUs to its core business unit in 2022, according to a news release.
In September 2022, Digi-Key and digital automation products manufacturer Schneider Electric announced that they reached a distribution agreement.
Digi-Key held a grand opening at its Product Distribution Center Expansion in August 2022 at the company’s headquarters in Thief River Falls.