Member companies of the Independent Welding Distributors Cooperative (IWDC) have set an all-time monthly spend record, exceeding their prior record by over $800,000.
Spend through its cooperative surpassed $19m in March 2017, breaking the previous highest monthly record which was set almost three years ago in May 2014.
Frank Kasnick, President and CEO of the organisation, highlighted, “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.”
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.
The IWDC will open its second distribution centre in Nevada next month, which will support its centralised warehouse in Indianapolis, Indiana.
Member and vendor partners will also gather for the association’s annual Sales & Purchasing convention in Las Vegas, US, on 23rd May.