Returning Customers Include Tool and Chemical Businesses
Maintaining Leading Position in the Market and Continuously Providing High Quality and Innovative Solutions for Customers
FORT WORTH, Texas, July 18, 2024 (GLOBE NEWSWIRE) — Incora, (collectively, “Incora” or the “Company”), a leading global provider of innovative supply chain management solutions, is pleased to announce that it has successfully renewed existing contracts totaling more than $500 million in annual business revenue. Many of the multi-year renewals will run through the end of this decade, providing Incora with the opportunity to continue to grow these strong customer partnerships over the long term.
“It is a testament to the commitment of our team that we have successfully renewed all of our major contracts that are currently due,” said Dave Fawcett, Chief Commercial Officer. “These strong, long-term relationships, coupled with great service and responsiveness to changing requirements, are behind Incora’s impressive contract renewal track record over the last twelve months. Many of these customers have renewed their contracts for multiple years, which is a testament to the strong relationships we have and the important role we play in our customers’ supply chains. I am excited about this opportunity to continue working with our valued customers.”
Over 25 major contracts have been renewed in this period, from the second half of 2023 to the first half of 2024, and are now entering their third or fourth renewal cycle with Incora. The renewals cover the Company’s strong mix of customer base, across the Aerospace, Defense and Industrial sectors. Incora’s strength is its purchasing power and scale with an annual spend of nearly $2 billion on Chemicals and Tools.
Over the past several months, the Company has made significant operational and financial improvements across the business, resulting in increased vendor collaboration, maximized safety stock service levels, and a strong financial position to support customer needs and growth. The Company will continue to focus on delivering exceptional service and empowering customers to meet their critical business needs.
About Incora
Incora is the trading name for a group of companies formed by Wesco Aircraft and Pattonair, a leading provider of comprehensive supply chain management services to the global aerospace and other industries. Starting with a strong foundation in aerospace and defense, Incora also leverages its supply chain expertise to serve industrial manufacturing, marine, pharmaceuticals and more. Incora integrates itself into its customers’ businesses, managing all aspects of the supply chain from procurement and inventory management to logistics and on-site customer service. The company is headquartered in Fort Worth, Texas, with a global footprint spanning 68 locations in 17 countries and more than 3,800 employees. For more information, please visit incora.com.
Media Contact
Rachel Chesley and Victoria Zaharoff
IncoraComms@fticonsulting.com
