Addison, Illinois-based Parts Town announced that revenue for 2021 grew 33% to approximately $1 billion.
The world’s largest distributor of OEM parts for food service companies also said it’s not done growing. Parts Town said it has “carried significant growth and momentum” into 2022 and expects to grow to over $1.8 billion in revenue this year.
The company said it can get there via “continuous innovation, new acquisitions and partnerships, new investors, international expansion, and new master distribution programs with industry-leading manufacturers.”
“We are incredibly proud of Parts Town’s continued growth in 2021,” CEO Steve Snower said. “Our team members have always risen up to meet new challenges and will continue to do so in 2022. As the restaurant and foodservice industry continues to come back, Parts Town will continue supporting the industry through technology advancements, innovation and fast delivery of the genuine OEM foodservice parts commercial kitchens need to thrive.”
Last year, Parts Town launched its own e-Commerce marketplace. The company also credited recent M&A activity as a driver of its growth in the OEM sector.