EACO Corporation, through its wholly-owned subsidiary, Bisco Industries, Inc., distributes electronic components and fasteners. The company supplies parts used in the manufacture of products in a range of industries, including the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment, and marine industries. Products and Services The company stocks approximately 87,000 items from approximately 260 manufacturers and is a distributor for approximately 120 of these manufacturers. Its products include electronic components, such as spacers and standoffs, card guides and ejectors, component holders and fuses, circuit board connectors, and cable components, as well as various fasteners and hardware. The company also provides customized services and solutions for a range of production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, and integrated supply programs. It works with its customers to design and develop systems to meet their specific needs. Divisions Bisco Industries As ‘Bisco Industries’, this division sells the spectrum of products that it offers to all markets, and primarily sells to original equipment manufacturers (OEMs). National-Precision This division primarily sells electronic hardware and commercial fasteners to OEMs in the aerospace, fabrication, and industrial equipment industries. This division intends to distribute mil-spec and commercial fasteners, hardware, and distribution services used in production. Fast-Cor This division is established to be a distributor’s source for a range of components and fasteners. This division has access to the entire inventory of products that the company offers and primarily focuses on selling to other distributors not manufacturers. Real Estate Held for Leasing As of August 31, 2013, the company owned an income producing real estate property held for investment in Sylmar, California (the ‘Sylmar Property’). Customers and Sales The company sells its products through its sales representatives in its 45 sales offices located in the United States and Canada. Customers could also place orders through its Website. The company maintains six distribution centers located in Anaheim and San Jose, California; Dallas, Texas; Chicago, Illinois; Boston, Massachusetts; and Toronto, Canada. The company’s customers operate in various industries and range from large, global companies to small local businesses. As of August 31, 2013, the company had approximately 11,700 customers. Dispositions In January 2013, the company sold its restaurant property located in Deland, Florida (the ‘Deland Property’). In April 2013, the company sold its restaurant property located in Brooksville, Florida (the ‘Brooksville Property’). In October 2013, the company sold its restaurant property located in Orange Park, Florida (the ‘Orange Park Property’). History EACO Corporation was founded in 1973.
(EACO:OTC Markets Group Inc - OTCQB)
1500 North Lakeview Avenue
Anaheim, CA 92807
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