LOAN RECIPIENT, COMPONENTS FOR MANUFACTURING, LLC LEVERAGES THE PTAC PROGRAM TO GROW THEIR BUSINESSOctober 1, 2018 |
Components For Manufacturing, LLC is a fastener and electronic hardware distribution business started in New Hampshire in 1995. The business is a full line stocking distributor servicing OEM manufacturers and Contract Manufacturers throughout New England, the US and Internationally. They also offer bin stocking and kitting services. They are able to leverage established relationships with over 800 vendors. Combined with their high level of flexible service and technical expertise, they are able to smooth out the procurement process, increase material availability, and reduce costs and headaches for their customers. In the late summer of 2016 Tracey and Paul Jacey put together a bid to buy the business and move it to Mystic. Getting the financial loan backing from seCTer was absolutely crucial in allowing them to successfully close the bid for this business. They have beenlocated in the Mystic Business Park for the last two years and have been able to expand their footprint in the park. They currently have 2 full time and 2 part time employees, as well as the owners, working for the business. They plan to grow their customer base, while continuing to provide outstanding service to their existing customers, by engaging the help of seCTer’s Procurement Technical Assistance Center (PTAC) to begin government contracting.