Iwen Tool Supply

Home Improvement & Hardware Retail · Michigan, United States · 11-50 Employees

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Overview

Headquarters

5920 Dixie Hwy, Saginaw, Michigan, 48601...

Phone Number

(989) 777-7101

Revenue

$6.6 Million

Industry

Home Improvement & Hardware Retail Retail
ZI Rank: 1
Signal Type
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ZI Rank
1
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About Iwen Tool Supply

In 1974, Ralph and Janet Iwen created a sole proprietorship called Iwen Tool Supply Company. Ralph, who had previous launched and run RICO Tool Company for 15 years, brought in his son-in-law, Ermin Sallmen, and the two men worked part time out of a bedroom in the Iwen's home. Things moved more quickly than anyone expected. Shortly thereafter, Ermin devoted himself full-time to ITSC as a sales rep. The Iwens' youngest daughter, Shawn, joined the team to manage accounts receivable while simultaneously attending college. This was the birth of the company motto: Lowering cost by increasing productivity. Even when the business grew to four times its size, the Iwens kept things close, bringing in friends to process the orders that were constantly flowing in, continuously maximizing productivity and, in turn, keeping costs low for customers. It goes without saying customers appreciate low costs and efficient timetables, and it led to ITSC finally incorporating in 1988, with all the principleRead more
Iwen Tool Supply's Social MediaPopular SearchesIwen Tool Supply CoIwen Tool SupplyTool Supply CoSIC Code 50,508NAICS Code 42,423Show more

Iwen Tool Supply Org Chart

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Vice President

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BE
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Manager, Operations

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iCrib Manager

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Poultry Farm Manager

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Compare Similar Companies to Iwen Tool Supply

Compare insights from companies similar to Iwen Tool Supply, focusing on performance, financial data, growth rates, and unique benchmarks to identify key industry trends and opportunities.

Company Name

Revenue

Number of Employees

Type

Funding

Founded In

Top Executive

Iwen Tool Supply

$6.6M
11-50
Private
<$5M
1974
TT
Travis ThayerVice President
$15.4M
11-50
Private
-
1998
HG
Hernando GonzalezAssistant Mger
$11.6M
11-50
Private
-
2004
$6.5M
1-10
Private
-
1995
AB
Andrew BeamOutside Sales Representative
$6.4M
51-200
Private
-
1983
LB
Laurie BedwellVice President, Operations
<$5M
11-50
Private
<$5M
1972
DG
David GarciaVice President
<$5M
1-10
Private
-
-
N/A
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Company Profile Activity

i

Among all Retail companies

Low Activity

High Activity

Activity Insights

Iwen Tool Supply is experiencing very low activity levels compared to other companies in the Retail sector.

What does this means?

Iwen Tool Supply is drawing exceptional interest within the Retail industry, suggesting notable developments or strong market momentum, learn more about Iwen Tool Supply.

Iwen Tool Supply financials insights

Gather financial insights about Iwen Tool Supply, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2020

Debt

$350K

2021

Debt

$422K

See All Iwen Tool Supply's Financials Insights

Iwen Tool Supply Tech Stack

A closer look at the technologies used by Iwen Tool Supply

Top Home Improvement & Hardware Retail Companies

Frequently Asked Questions Regarding Iwen Tool Supply

What is Iwen Tool Supply's official website?
Iwen Tool Supply's official website is www.iwentool.com
What is Iwen Tool Supply's Revenue?
Iwen Tool Supply's revenue is $6.6 Million
What is Iwen Tool Supply's SIC code?
Iwen Tool Supply's SIC: 50,508
What is Iwen Tool Supply's NAICS code?
Iwen Tool Supply's NAICS: 42,423
How many employees does Iwen Tool Supply have?
Iwen Tool Supply has 11-50 employees
What industry does Iwen Tool Supply belong to?
Iwen Tool Supply is in the industry of: Home Improvement & Hardware Retail, Retail
What is Iwen Tool Supply competition?
Iwen Tool Supply top competitors include: Tools For Industry, Copreinternacional, DMC Associates, Dixie Tool
What technology does Iwen Tool Supply use?
Some of the popular technologies that Iwen Tool Supply uses are: goo.gl, Cloudflare Rocket Loader, reCAPTCHA, PHP
How do I contact Iwen Tool Supply?
Iwen Tool Supply contact info: Phone number: (989) 777-7101 Website: www.iwentool.com
What does Iwen Tool Supply do?

In 1974, Ralph and Janet Iwen created a sole proprietorship called Iwen Tool Supply Company. Ralph, who had previous launched and run RICO Tool Company for 15 years, brought in his son-in-law, Ermin Sallmen, and the two men worked part time out of a bedroom in the Iwen's home. Things moved more quickly than anyone expected. Shortly thereafter, Ermi... n devoted himself full-time to ITSC as a sales rep. The Iwens' youngest daughter, Shawn, joined the team to manage accounts receivable while simultaneously attending college. This was the birth of the company motto: Lowering cost by increasing productivity. Even when the business grew to four times its size, the Iwens kept things close, bringing in friends to process the orders that were constantly flowing in, continuously maximizing productivity and, in turn, keeping costs low for customers. It goes without saying customers appreciate low costs and efficient timetables, and it led to ITSC finally incorporating in 1988, with all the principles remaining and Ermin taking the helm as president. Although Janet passed away in 2001 and Ralph in 2003, the Iwen team continues in their original vision.Read More

What are Iwen Tool Supply social media links?
Iwen Tool Supply Linkedin page Iwen Tool Supply Facebook page
Who invested in Iwen Tool Supply?
Iwen Tool Supply has 2 investors including PPP and PPP.
Is Iwen Tool Supply a public company?
Iwen Tool Supply is private company therefore does not currently have an official ticker symbol
See more information about Iwen Tool Supply

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