Würth Group Ranked 50th Biggest German Firm in the U.S.

The German American Chamber of Commerce announced the Würth Group is the 50th largest German company in the U.S. The privately held Würth Group joins well-known names such as Daimler Group Siemens, Allianz and BMW on the list.

In the U.S. Würth has 98,000 active customers and employs more than 2,300. Würth's North American sales in 2010 totaled US$794 million. Worldwide there are 400 Würth operating companies in 84 countries employing 62,000 people.
 
The Würth Group first tried to establish distributorships in the U.S. in 1969, using successful European formulas. In the 1990s Würth sought to expand in North America by acquiring well-known distributorships, including Eastern Fasteners of Connecticut; RevCar Fasteners Inc., Virginia; Snider Bolt & Screw, Kentucky; Adams Nut & Bolt Co., Minnesota; and Indiana-based Service Supply Company.

Acquisition "is the better way and faster way to grow our company, " Dr. Walter Jaeger, Würth Group board president, told Fastener Industry News in a 1997 interview at the Würth headquarters in Künzelsau.

For the 1997 FIN interview with Reinhold Würth, click on Fastener History and scroll to the article: 1997 FIN: Global Giant Würth Reentering North American Fastener Market
 
Würth increased 2010 sales in North America by 12% by adding 700,000 order lines, to increase its total to US$6.7 million. All five of Würth's divisions grew in 2010: Trade, wood, metal, auto and industry. The wood division encompassed 46% of North American sales. Würth projects worldwide sales of US$28.7 billion by 2020 and 100,000 employees. Web: wurthindustry.com