Home»News»Fusion Trade reports year of record growth

Fusion Trade reports year of record growth

Pinterest Google+

Despite significant supply chain disruptions over the last year, Fusion, the 3rd largest independent distributor of electronic components, registered substantial growth and expansion throughout its organization. Achieving record revenue of $275 million in 2011, the double-digit sales increase is attributed to new customers and infrastructure investments.Growth came across all product categories, most notably: memory, passive components, storage devices, and processors. Geographically, Fusion grew in all global markets with Europe registering the largest increase. To address its continuing growth, Fusion established a new warehouse/quality hub in Amsterdam, grew its global workforce by over 20 percent and increased its secured line of credit to $55 million.Fusion also invested in new anti-counterfeit equipment in its Hong Kong and U.S. Screening and Analysis Laboratories. Additionally, Fusion COO, Paul Romano was recently elected President of IDEA.“We continue to invest in resources that deliver value to our customers,” commented Peter Le Saffre, President and CEO of Fusion. “And, we are very gratified that our efforts are helping them achieve their goals for success.”

Electronicsfeed.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. For a full list of the affiliate programs we utilize to help serve unique, ad-free content, take a look at our Advertising Disclosure statement.
Previous post

Hitachi completes Western Digital deal

Next post

Japan’s NAND industry rides strong demand