EFC International acquires Inventory Sales Company
The strategic move means increased scale and diversification for EFC…
Early March 2023 saw Frontenac-backed EFC International reveal that it had acquired St. Louis-based Inventory Sales Company (ISC), a distributor of fastener products, components, and struts/accessories to diversified industrial and infrastructure markets.
EFC, based in St. Louis, MO, operates globally and provides solutions such as engineering support, sales and marketing, distribution, and high-touch service to customers in the automotive, industrial, and other technical end markets. The company has linked suppliers and customers for over 35 years and has a history of growth driven by longstanding supplier relationships and a tenured customer base.
// The ISC acquisition provides us with tremendously increased scale and diversification while further expanding and strengthening the product and service offerings of both companies. //
ISC, founded in 1972 by Jim Friedmann and headquartered in St. Louis, MO, is a distributor of Class-C parts with a primary focus on fasteners and strut accessories. The company has a highly reputable and well-established brand and is known for outstanding levels of service through its broad capabilities including vendor managed inventory programs, in-house fabrication, kitting, and a strong sales force. ISC also has operations and a warehouse in Kansas City, KS and St. Elizabeth, MO.
Matt Dudenhoeffer, EFC CEO, who will lead the combined company, stated: “The ISC acquisition provides us with tremendously increased scale and diversification while further expanding and strengthening the product and service offerings of both companies. The acquisition is very strategic, and what is also impressive is the alignment of company cultures and similar histories. We believe the sky is the limit for what we can accomplish together through the strong collaboration of these great teams.”
// EFC dramatically enhances our technical capabilities and our product and service offerings as well as geographic footprint. //
ISC President, Cathy Friedmann, who will continue to lead ISC, added: “This combination of our two companies is such a great fit; it gives us the platform to grow beyond what we ever previously imagined. EFC dramatically enhances our technical capabilities and our product and service offerings as well as geographic footprint. The customer has always been king at ISC, and now we can serve them even better than before. This acquisition creates additional opportunities for our customers, suppliers, and employees alike.”
Financial terms of the deal were not disclosed.