933 Western Drive | PO Box 42428 Indianapolis, IN 46242-0428
Tel: 317.244.9200 Fax: 317.244.4600 www.IDC-USA.com
For more information contact: Julie Grannan Marketing Manager 317-308-4546, jgrannan@IDC-USA.com
INDIANAPOLIS, INDIANA — March 1, 2011 — IDC Distributor-Owners are extremely pleased to announce a 30% organic sales growth for their cooperative in 2010.
2010 was a year that started off and ended with a profitable bang for IDC-USA. They posted the best first quarter in company history swiftly followed by the best month ever in April. With IDC only having been down four points at the height of the recession the previous year, this cooperative’s growth is an excellent indicator of how skillfully owners and management used their internal resources to expand profits, as a recovery period was hardly required. IDC-USA is optimistic that 2011 will be a year of continued growth and is forecasting another year of resounding success.
Jack L. Bailey, president & CEO of IDC-USA stated, “There are many companies that are posting recovery growth from 2009, but few are reporting the new growth we experienced over and above our pre-recession numbers. Our success can be attributed to several factors, but most importantly it is the result of hard work and commitment from IDC Distributor-Owners as well as our IDC Staff. Our resilience and decision to not participate in the recession subsequently paid off for our distributor-owners and preferred suppliers. IDC-USA’s success through the cooperative business model continues to prove that this model is the way forward.”
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 230 independent distributors located in 42 states and has over $1 billion in annual sales. IDC-USA’s Distribution Center, IDC University and Corporate Offices are headquartered in Indianapolis, Indiana.
To learn more about IDC-USA, please visit www.IDC-USA.com.