Repeat customers include both hardware and chemical businesses.
Maintaining our market-leading position and continuing to provide our customers with high-quality, innovative solutions
FORT WORTH, Texas, July 18, 2024 (GLOBE NEWSWIRE) — Incora, a leading global provider of innovative supply chain management solutions (collectively, “Incora” or the “Company”), is pleased to announce successful renewals of existing contracts representing over $500 million in annual operating revenue. Many of the multi-year renewals run through the end of the decade, providing Incora the opportunity to continue building these strong customer partnerships for the long term.
“It's a credit to our dedicated team that we have been able to successfully renew all of our currently expiring major contracts,” said Dave Fawcett, Chief Commercial Officer. “These strong, long-term relationships, combined with our excellent service and ability to adapt to ever-changing requirements, have seen Incora achieve an outstanding renewal track record over the past 12 months. Many of these customers have renewed their contracts for multiple years, which is clear evidence of our great relationships and the integral role we play in their supply chains. We are excited about this opportunity to continue working with our valued customers.”
Over this period, spanning late 2023 and early 2024, more than 25 prime contracts have been renewed and are currently in their third or fourth renewal cycle with Incora. The renewals include a strong mix of the company's customer base across the aerospace, defense and industrial sectors. Incora's strengths are its buying power and scale with nearly $2 billion in annual spend on chemicals and hardware.
Over the past few months, we have implemented significant operational and financial improvements across our business, strengthened collaboration with vendors, maximised safety stock service levels and put ourselves in a strong financial position to support our customers' needs and growth. We remain focused on delivering excellent service and helping our customers address their critical business needs.
About Incora
Incora, a trademark of the group of companies founded by Wesco Aircraft and Pattonair, is a leading provider of comprehensive supply chain management services to the global aerospace and other industries. With a strong foundation in aerospace and defense, Incora leverages its supply chain expertise to serve sectors such as industrial manufacturing, marine and pharmaceutical. Incora integrates itself into its clients' businesses to manage all aspects of the supply chain, from procurement and inventory management to logistics and on-site customer service. Headquartered in Fort Worth, Texas, the company has more than 3,800 employees in 68 locations across 17 countries worldwide. For more information, visit incora.com.
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