(BRK.A), (BRK.B)
Berkshire Hathaway’s Mouser Electronics, Inc., the industry’s leading New Product Introduction (NPI) distributor with the widest selection of semiconductors and electronic components, is greatly expanding its large global headquarters and distribution center to meet the needs of its flourishing business well into the next decade.
Construction is under way to add more than 125,000 square feet to the distribution center, as well as a new 50,000 square-foot office building on Mouser’s campus, located south of Dallas-Fort Worth, Texas.
Upon completion of the new construction, Mouser’s 78-acre global headquarters and massive distribution center will consist of 1 million square feet to accommodate Mouser’s vast inventory of 1 million unique SKUs for products and technologies from over 750 electronic component manufacturers.
With a positive industry outlook, double-digit revenue growth and the addition of many new manufacturer partners, the industry-leading electronic components distributor is expanding its global footprint and growing its business position to meet increasing customer demand worldwide.
In 2018, Mouser’s sales hit $1.9 billion, and the company is on track to surpass that number this year. All this comes as Mouser has expanded its full-time global workforce to more than 2,400 and is set to provide local customer service in four new global locations: Brazil, Poland, Vietnam, and the Philippines.
“With the rapid increase in technological advancements such as IoT, electric vehicles, artificial intelligence, robotics, and 5G, we definitely find ourselves in a very robust and fortunate position,” explained Glenn Smith, Mouser’s President and CEO. “We are planning for future growth as our customer needs increase.”
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.