About the company:
McMaster-Carr Supply Company is a private, family-owned business that has been around for over a century, since 1901. They provide an essential component to industrial and commercial facilities around the world by supplying an array of mechanical, electrical, plumbing, and utility hardware. Their hardware products play essential roles in the processes and functions of hundreds of companies around the world that span various different industries.
Since their inception back in the early 20th century when they were founded in Elmhurst, Illinois, McMaster-Carr has expanded to establish distribution branches in the following US cities:
- Robbinsville, New Jersey
- Santa Fe Springs, California
- Atlanta, Georgia
- Cleveland, Ohio
Striving hard to become the industry best:
McMaster-Carr differentiates itself from other companies by releasing an annual yellow catalog that contains a majority of its product selection. To put things into perspective, consider that the 2013 edition (119th edition) of their yellow catalog had 3,888 pages for over 510,000 different products, all of which come from a vast list of manufacturing sources. Their website has also been awarded 3rd place ranking in a Stanford University study, trailing only amazon.com and bn.com, which are both large and respectable companies. In relation to other large well-known companies, McMaster-Carr is not a big name outside of its own respective industry, yet its site ranked among the top. McMaster conveys its credibility without public relations campaigns and the corresponding big reputation that follows many of the other major players that ranked about the same as them.
Major competitors:
In their industry, their competitors include the following companies:
- Reid Supply Company
- Fastenal
- W.W. Grainger
- Manhattan Supply Company
- Amazon Supply
- Monroe Engineering
Stock a vast array of best-in-class product line:
Many of the following competitors even release parts catalogues on a yearly basis, yet McMaster-Carr still maintains the largest and most comprehensive list. What kind of product categories can you find available from McMaster-Carr? Their 510,000 products are categorized into the following:
- Abrading and Polishing
- Building and Grounds
- Electrical and Lighting
- Fabricating
- Fastening and Joining
- Filtering
- Flow and Level Control
- Furniture & Storage
- Hand Tools
- Hardware
- Heating and Cooling
- Lubricating
- Material Handling
- Measuring and Inspecting
- Office Supplies and Signs
- Pipe, Tubing, Hose and Fittings
- Plumbing and Janitorial
- Power Transmission
- Pressure and Temperature Control
- Pulling and Lifting
- Raw Materials
- Safety Supplies
- Sawing and Cutting
- Sealing
- Shipping
- Suspending
Within these aforementioned categories are parts for almost every hardware application in the industrial and commercial industries. Just how big is McMaster-Carr Supply Company? Their estimated annual revenue is between $3-5 billion dollars, with average employee salary just around $58,000. A Director of Business Operations makes an estimated $171,000 annually while a customer service representative makes $75,000 annually. As of September 2013, McMaster-Carr is begun developing a $75 million headquarters and e-commerce center in Atlanta. The 100 acre plot of land and 700,000 square foot facility will be able to house over 1,000 employees. The company is
Continuing to grow and as one of the top industrial distributors, it is looking to become an industrial materials giant in the industry.
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