1999 Excellence in Distribution Awards
Mary King, Elisha Penniman, Inc.; Mark Shannon, Tower Fasteners Co., Inc.; Michael Turnbull, Purchased Parts Group, Inc.
By Industrial Distribution Staff -- Industrial Distribution, 12/1/1999
This year, as during the past five, Industrial Distribution received some outstanding entries for our Excellence in Distribution Awards program. From the beginning, the intent of the awards has been to recognize distributors that rise to the top of their class with quality -- and sometimes groundbreaking -- services, and achieve high ROTA results. That certainly was the case again this year.This year's winners demonstrated excellence in areas such as customized value-added services, unique sales programs, technology, quality and employee training. The letters we received from manufacturers and end users in support of distributor's nominations for the awards show that continuous efforts by both small and large companies are not going unnoticed.
This year's winners include Purchased Parts Group, Inc., in the large category for companies with more than $50 million in revenue. Based in Memphis, Tenn. and growing in both Mexico and Europe, PPG is a recognized leader in small parts inventory management for OEMs and provides a variety of services to bring direct production materials to assembly workstations. PPG had sales of $110 million last year and expects to reach $115 million in 1999.
Tower Fasteners of Holtsville, N.Y., is the winner in our mid-sized category, with sales between $10 and $50 million. Tower sells fasteners and electronic hardware to companies up and down the East Coast. The firm, with 1998 sales of $33 million, was recognized for its commitment to customer service -- specifically in the form of "Tower T.I.M.E.," its innovative approach to inventory management.
The winner in the small company category is Elisha Penniman, Inc., a $4.6 million cutting tools and abrasives house located in West Hartford, Conn. The company has been recognized for its commitment to product and sales training, the technical expertise of its inside and outside sales teams and for a service package that rivals offerings by its larger competitors.
Congratulations to our winners. Each will receive a contribution to a charity of their choice. Also, kudos to all of our nominees. Innovative services, investments in technology and a commitment to reduce end users' costs are more important than ever in the channel. Certainly, many distributors are up to the challenge.
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