MERRIAM, Kansas – April 27, 2011 – IBT, Inc. is the latest independent distributor to purchase stock in IDCUSA, a distributor-owned cooperative. IBT, Inc. is a leading industrial distributor committed to providing world class service and quality products from their trusted supply partners. Employees are well-known for their breadth and depth of product knowledge and technical expertise across multiple and diverse product lines.
The company was founded by the late Forrest L. and Bonnie Cloud in 1949, and still continues to maintain family ownership. The organization employs 335 people and has 40 locations throughout the Midwest. Modern Distribution Management named IBT #38 on its 2010 Top 40 Industrial Distributors list. The Top 40 list is published annually, with top industrial supply companies ranked according to total worldwide sales. Jeff Cloud, representing the 3rd generation of IBT family ownership, remarks “IBT is extremely excited about becoming one of a select group of IDC-USA owners.
We look forward to working with fellow independent distributors to overcome the obstacles we face, and to achieve success in this highly competitive business. “We look forward to having IBT as a member of the IDC family,” said Jack Bailey, IDC-USA President & CEO. “IBT is well-known for their reputation in the industry as a quality independent distributor.”
“Recognizing where IDC-USA started from and how we’ve grown over the years, it’s humbling to have a company such as IBT recognize the value that our cooperative brings to the independent distributor,” stated Todd Carroll, vice-president of IDC-USA.
Established in 1988, IDC-USA is a distributor-owned purchasing and national marketing cooperative of independent distributors of industrial bearing, power transmission and industry related products. The cooperative currently consists of over 270 independent distributor branches located in 41 states and has over $1.
About IBT Industrial Solutions
IBT Industrial Solutions is a leading, full-service industrial supplier. Since 1949, IBT has been helping customers maintain efficient, productive, and safe workplace facilities through quality industrial MRO supplies, products, and services. Top-notch industrial expertise and superior customer service set IBT apart. IBT has nearly 40 stocking locations throughout the United States, and is headquartered in the Kansas City suburb of Merriam, Kansas.
Media Contact | Anthony Akin | Director of Marketing | (913) 261-2148 | email@example.com