Whether you need automotive filters or construction screws, you can always get your money's Würth. The parent company of the highly diversified Würth Group, Adolph Würth GmbH & Co. markets and distributes more than 100,000 products in more than 80 countries through its Würth Line and Allied Companies. Altogether, there are more than 400 companies in the Würth Group that manufacture screws and fasteners, hand and power tools, insulation, personal protection equipment, and automotive products such as paints, lubricants, and oil, fuel, and air filters. The Würth Group generates about 45% of its sales in Germany; overall, Europe accounts for 85%. The company is owned by the Würth family.
The Würth Line of businesses are divided into five divisions -- Auto, Construction, Industry, Metal, and Wood. There are about 120 companies that make up the Würth Line, of which only three are in Germany. Würth Line companies manufacture and sell screws, chemical-technical products, furniture and iron fittings, dowels, insulation, hand tools, power tools, connecting and fastening materials, and work clothes under the Würth brand. Würth Line companies accounted for 56% of sales in 2010.
The Allied Companies are made up of about 280 different subsidiaries that do not operate under the Würth brand. Except for a few manufacturing firms, the majority of Allied Companies are involved in sales and wholesaling. One of its main companies is Würth Elektronik, the largest manufacturer of circuit boards in Europe. Allied Companies accounted for 43% of sales in 2010.
Würth Group uses a direct sales force and has spent the last few years reorganizing its sales offices by decentralizing them geographically to provide more localized service to customers and to make distribution systems more efficient. Altogether, Würth Group has more than 1,000 sales branches around the world. This decentralized organization allows the company greater flexibility, which benefited Würth during the economic recession. Würth was able to focus on specific companies that could positively impact the company's bottom line, and then invest in those companies individually. While the company saw its sales drop in 2009 for the first time in its history, revenues were back up 15% in 2010 in its native currency, the euro. – less