Member companies of the Independent Welding Distributors Cooperative (IWDC) have set an all-time monthly spend record, exceeding their prior record by over $1.7m.
Spend through its cooperative surpassed $21m in June, breaking the previous highest monthly record which was set in May 2014.
Frank Kasnick, President and CEO commented, “We’ve actually never broken through $20m in any month, so this is quite a milestone.” He continued, “This is a testament to the strength and resilience of the independents in our welding and gas industry, and reflects the strong support from our vendor partners.”
Kieth Werkley, Director of Marketing and Vendor Management declared, “This comes on the heels of an all-time record March.” Werkley added, “We had a terrific Sales and Purchasing Convention at the end of May, and together with June’s record, we have a strong first half to build upon!”
Formed in 1994, the IWDC cooperative leverages the strengths of its independent welding distributor members across North America. Collectively, its member companies represent over $2.2bn in sales, supplying industrial, specialty and medical gases, as well as all related equipment, welding hardgoods and consumables.
IWDC’s annual convention held from the 23rd-25th May in Las Vegas, was attended by 111 member companies and 97 vendor partners totaling over 550 participants.
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