EACO Corporation (‘EACO’), through its subsidiary, distributes electronic components and fasteners.
The company is primarily composed of its wholly-owned subsidiary, Bisco Industries, Inc. (‘Bisco’), and Bisco’s wholly-owned Canadian subsidiary, Bisco Industries Limited. Bisco supplies parts used in the manufacture of products in a broad range of industries, including the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment, and marine industries...
EACO Corporation (‘EACO’), through its subsidiary, distributes electronic components and fasteners.
The company is primarily composed of its wholly-owned subsidiary, Bisco Industries, Inc. (‘Bisco’), and Bisco’s wholly-owned Canadian subsidiary, Bisco Industries Limited. Bisco supplies parts used in the manufacture of products in a broad range of industries, including the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment, and marine industries.
A key element of the company’s business strategy is to expand its operations and revenues by opening additional sales offices in new geographic locations, and the company plans to add additional sales personnel to support such new offices.
Operations
Products and Services
Bisco stocks thousands of items from more than 260 manufacturers. Bisco’s products include electronic components, such as spacers and standoffs, card guides and ejectors, component holders and fuses, circuit board connectors, and cable components, as well as a large variety of fasteners and hardware. The breadth of Bisco’s products and extensive inventory provide a one-stop shopping experience for many customers.
Bisco also provides customized services and solutions for a wide range of production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, and integrated supply programs, among others.
Divisions
Bisco Industries
Bisco sells a broad spectrum of products that it offers to many markets, but primarily sells to original equipment manufacturers (‘OEMs’). While historically, the substantial majority of Bisco’s revenues have been derived from the Bisco Industries division, Bisco has also established additional divisions that specialize in specific industries and products.
National-Precision
The National-Precision division primarily sells electronic hardware and commercial fasteners to OEMs in the aerospace, fabrication, and industrial equipment industries. National-Precision seeks to be the leading global distributor of mil-spec and commercial fasteners, hardware, and distribution services used in production.
Fast-Cor
The Fast-Cor division was established to be a distributor’s source for a broad range of components and fasteners. Fast-Cor has access to the entire inventory of products that Bisco offers, but primarily focuses on selling to other distributors, not manufacturers.
Customers and Sales
Bisco’s customers operate in a wide variety of industries and range from large global companies to small local businesses. Bisco strives to provide service to all customers, including smaller businesses, and continues to focus on growing its share of that market. As of August 31, 2024, Bisco had more than 10,000 customers.
Bisco generally sells its products through its sales representatives in its 51 sales offices located in the United States and Canada, and 1 additional sales office in the Philippines. Customers can also purchase products through Bisco’s website. Bisco currently maintains seven distribution centers located in Anaheim and San Jose, California; Dallas, Texas; Chicago, Illinois; Boston, Massachusetts; Atlanta, Georgia; and Toronto, Canada. Each of Bisco’s selling facilities and distribution centers are linked to Bisco’s central computer system, which provides Bisco’s management and salespersons with online, real-time data regarding inventory levels throughout Bisco, and facilitates control of purchasing, shipping, and billing. Bisco generally ships products to customers from one of its seven distribution centers, based on the geographic proximity to the customer and the location of the available ordered products.
Bisco sells its products primarily in the United States, Canada, and countries within Asia and Europe. Bisco’s international sales represented 10.7% of its sales in fiscal 2024. Sales to customers in Canada accounted for approximately 26% of such international sales in fiscal 2024. Sales to customers located within Asia accounted for approximately 40% of such international sales in fiscal 2024. Sales to customers in other countries make up 34% of such international sales in fiscal 2024.
History
EACO Corporation was founded in 1973. The company was incorporated in Florida in 1985.