Incora Announces $500M+ in Business Renewals
2024年7月18日 - 11:04PM
Incora, (collectively, “Incora” or the “Company”), a leading global
provider of innovative supply chain management solutions, is
pleased to announce it has successfully renewed existing contracts
totaling more than $500 million in annualized business revenue.
Many of the multi-year renewals will run through the end of the
decade, providing Incora the opportunity to continue to develop
these strong customer partnerships over the long term.
“It is a testament to our committed teams that we have
successfully renewed all of our major contracts due at this time,”
said Dave Fawcett, Chief Commercial Officer. “These strong,
long-term relationships, coupled with great service and a
responsiveness to ever-changing requirements, are the reason for
Incora’s exceptional track record of renewals in the last twelve
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 our customers’ supply chains. I’m
excited for this opportunity to continue to work with our valued
customers.”
More than 25 major contracts have been renewed in this period,
from the second half of 2023 through the first half of 2024, and
are now in their third or fourth cycle of renewal with Incora. The
renewals include a strong mix of the Company’s customer base,
across the Aerospace, Defense and Industrial sectors. Incora’s
strength is its buying power and scale with close to $2 billion in
annualized spend in Chemicals and Hardware.
Over the past few 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 trade name for the 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. Beginning with a strong foundation in aerospace and
defense, Incora also utilizes its supply chain expertise to serve
industrial manufacturing, marine, pharmaceutical and beyond. Incora
incorporates itself into customers' businesses, managing all
aspects of supply chain from procurement and inventory management
to logistics and on-site customer services. The company is
headquartered in Fort Worth, Texas, with a global footprint that
includes 68 locations in 17 countries and more than 3,800
employees. For more information, please visit incora.com.
Media Contact
Rachel Chesley / Victoria
ZaharoffIncoraComms@fticonsulting.com