Smith & Associates Firmly Holds #1 Ranking
(HOUSTON, TEXAS) May 17, 2010 - Smith & Associates has again been ranked the #1 independent distributor of electronics in North America. The rankings, based on 2009 sales, were recently released by Electronics Advocate. An industry leader, Smith has held the top ranking for two consecutive years. Smith reported sales of $437 million in 2009, with growth of 41% over the previous year.
"We are pleased to be ranked #1 for sales among our peers. We have worked hard to maintain our position by offering our customers quality products and exceptional customer service. Last year, many manufacturers were faced with sourcing challenges that we were able to help resolve. From sourcing quality, hard-to-find parts to offering Supply Chain Strategies, we continue to do everything we can to help our customers keep their supply chains running,"stated Marc Barnhill, Chief Trading Officer.
The 2009 rankings demonstrated Smith’s lead above the competition. With a $143 million advantage over the closest competitor, Smith firmly holds the top position among independent distributors.
"Our top ranking is rewarding because it reflects our commitment to our customers. We strive to always be a leader – not only in sales, but also in quality and service. We are passionate about our business and take pride in our leading position in our industry," said Matthew Hartzell Chief Operating Officer.
About Smith & Associates - Founded in Houston in 1984, Smith & Associates (www.smithweb.com) is a leader in the independent distribution of semiconductors and electronic components to electronics and high-tech manufacturers. Smith offers shortage sourcing for commodity and obsolete parts, innovative purchasing and inventory management solutions, redistribution of excess inventory, and component stocking for warranty and repair programs.
A privately held company, Smith & Associates employs more than 250 people worldwide, with annual revenue in excess of US$400 million. Smith's regional hubs in Houston, Hong Kong and Amsterdam are ISO certified and IDEA compliant. In addition, sales and purchasing offices are located in Silicon Valley, Barcelona, Guadalajara, New York, Shanghai, Shenzhen, and Seoul. For more information or to reach a Smith representative 24 hours a day, please call: 1.800.HOUSTON or +1 713.430.3000
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For more information, contact:
Smith & Associates
V.P. of Marketing (713) 430-3000