Global Fastener News

FASTENER HISTORY
1996 FIN – Indianapolis Buys Warehouses for Jail; Service Supply Gets New Distribution Center

Marion County Jail

2008 FIN ? W?rth Service Supply Marks 60th Anniversary
January 15, 2008 FIN – Würth Service Supply is marking its 60th anniversary.
Founded in 1948 by E.C. Seitz in downtown Indianapolis, Service Supply was acquired from the Seitz family by the Künzelsau, Germany-based Würth Group in 1998.

Today Würth Service Supply has 34 branches in the U.S., Canada and Mexico and 2007 sales were approximately $160 million. This year Würth Service Supply will move its Decatur, IL, branch to a larger facility.
In 2007 Würth Service Supply made substantial capital investment in a new operating system and support equipment.
In 2005 and 2006, the company added branches to extend coverage across the continent.
In 2005 the Würth brand of MRO products was introduced and sales have doubled each year for three years.

Würth Service Supply expects 2007 sales and profit to be the second highest in company history and for 2008 forecasts a minimum of 17% sales growth and “an even more substantial growth in profits.”
CEO John Fuerst described the past several years in the fastener industry as “extremely challenging due to the general economy and substantial increases in the cost of our products. That despite these pressures we have maintained our focus and see the future as having many opportunities. As such we are very optimistic about 2008 and beyond.”

Würth Group has 400 companies in 86 countries and 55,000 employees. The Würth Group estimated 2007 sales of US$12.5 billion.
Würth Service Supply is headquartered at 4935 W. 86th St. (P.O. Box 68957) Indianapolis, IN 46268. Tel: 877 999-8784 Fax 317 704-8489 E-mail: wurth@wurthservice.com ©2008 FastenerNews.com

September 26, 1996 FIN – The City of Indianapolis, Indiana, purchased two downtown Service Supply Co. Inc. warehouses for a new 670-bed city/county jail and the distributor is taking the opportunity to consolidate five existing buildings under one roof.

Mel Seitz Jr., director of corporate relations for Service Supply, said the city approached the company early this year because the onetime Cole Motor Car manufacturing plant is just seven blocks from the courthouse and has ideal ceiling height and span of columns for prefab jails. It also is bordered by a railroad track and interstate highway, leaving few neighbors to complain about a jail.

Indianapolis-based Service Supply, founded in 1948, hadn’t been planning a move but started looking and found a site suitable for its regional distribution center.

At a site in the Park 100 area of northwest Indianapolis a building was already planned, but Service Supply was able to customize it with extra-heavy floors and higher roof to accommodate a new 28-foot rack.

The rack was up before the building was complete, Seitz said.

The deal closed on September 13, and Service Supply moved its hex cap warehouse over the weekend.

The rest of the move, estimated to take over 1,000 trailer loads, will consolidate the four downtown stocking centers to 147,000 sq. ft. of space in the new center at 4935 W. 86th St.

The new warehouse, designed by Service Supply’s logistics team, will accommodate 308,000-quarter kegs of material in the 28-foot racking system along with 55,000 packaged SKUs in its multitiered mezzanine.

The move is expected to be complete by the end of the year, and the city/county jail is scheduled to open in August 1997.

Service Supply, which distributes industrial fasteners in 25 states, will maintain corporate offices in its 75,000 sq ft office building a block from the new jail at 603 E. Washington St., Indianapolis, IN 46204. Tel: (317) 638-2424 Fax (317) 634-9087  ©1996/2010 Fastener Industry News

1985 FIN ? Service Supply Changes Corporate Officers

January 14, 1985 FIN – Service Supply Co. reorganized its corporate officer structure. E.C. Seitz III, previously vice president-financial officer, is now executive vice president-purchasing; F.L. Seitz, previously vice president-financial (and corporate treasurer); and Larry Seitz is now vice president-warehousing and production group.
These three officers are all grandsons of the company’s founder, E.C. Seitz Sr., and sons of its chairman, E.C. Seitz Jr.

Additionally, Frank Owings, Sr., E.C. Seitz’s son-in-law, has been appointed vice president-special products; F.N. Owings, Jr., previously vice president-management information systems (MIS), is now executive vice president-MIS (and corporate secretary); and Charles Delora, E.C. Seitz’s grandson-in-law, becomes vice president-sales.

M.C. Seitz, Jr., E.C. Seitz’s grandson and the son of former chairman (now retired) M.C. Seitz Sr., remains president.

Service Supply is one of the largest distributors of fasteners and fastener related products.  ©1985/2011 Fastener Industry News.

Related Links:

• W?rth Service Supply