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Company History - Timeline
Company founded by Ike Nizam in Santa Monica, California as a Manufacturer's Representative.
Company changed focus to distribution specializing in electromechanical components.
Awarded Sigma and Curtis Industries franchises.
Company achieves $1 Million in annual sales.
Awarded Aromat franchise.
Company achieves $5 million in annual sales.
Awarded Magnecraft franchise.
Fire causes severe damage at headquarters in Santa Monica, CA.
Northridge Earthquake "Red-Tags" Headquarters in Santa Monica, CA.
Purchased 370,000 square foot sales and distribution center in Phoenix, Arizona.
Company Achieves $25 Million in annual sales.
Purchased Quement Electronics in San Jose, CA.
Awarded Honeywell franchise.
Awarded P&B franchise.
Purchased P.I. Burks, a local distributorin Louisville, Kentucky and turned it into a Master Distributor branch.
Opened sales offices in Austin, Texas and Kirkland, Washington.
Company achieves $50 Million in sales.
Purchased Electronic Equipment with two branches in South Florida.
Created Onlinecomponents.com as part of the company's e-commerce strategy.
Company achieves $85 Million in annual sales.
Purchased Taylor Industrial Electronics in Mequon, Wisconsin.
Purchased a value added manufacturer - Oliver Systems.
Opened Value Added Center in Phoenix, AZ.
Awarded Tyco franchise.
Purchased the assets of Murphy Electronics in Redmond, Washington.
Purchased Klaus Electronics with locations in Quincy, Illinois and Peoria, Illinois.
Awarded Meanwell, TDK, UCC, and Taiyo Yuden franchises.
Purchased All American Semiconductor with branches in Santa Clara, Minneapolis, Tampa, Long Island and Penang, Malaysia.
Opened Power Solutions Center in Oakland, California.
Company achieves $92 Million in annual sales.
Begin remodel of Phoenix Distribution Center.
Complete multi-million dollar remodel of Phoenix Distribution Center.
Onlinecomponents.com launches redesigned website with hundreds of thousands of images, data sheets, and parametric search.
Company changed name from Master Distributors to Master Electronics.
Awarded distributor of the year by TE.
Master International Family of Companies. Brill Electronics, All American, Klaus and EC&E Merged into Master Electronics.
Opened sales office in Hong Kong.
Awarded Distributor of the Year by TE for the second year in a row.
Master adopts company Core Values.
Company achieves $172 Million in annual sales.
Begin Phoenix Distribution Center Automation Project.
Purchased Electro Sonic in Canada with offices in Vancouver, Toronto, and Montreal.
Awarded ABB, CTS, and Amphenol franchises.
Awarded Distributor of the Year by C&K.
Phoenix Distribution Center Certified ISO 9001-2008.
Awarded Distributor of the Year by Apem, Marathon, and Ohmite.
Awarded Distributor of the Year by C&K for the second year in a row.
Master celebrates its 50th Anniversary.
Hosted gala to celebrate with valued suppliers, customers, and friends.
Riad Nizam becomes the 3rd President of Master Electronics.
Company achieves $245 Million in annual sales.
Awarded Distributor of the Year by TE Connectivity, Alpha Wire, Ohmite, Carlo Gavazzi, Triad, and Amphenol Industrial.
Opened warehouse in Hong Kong.
Company achieved $296 million in annual sales.
Awarded Distributor of the Year by TE Connectivity, Ohmite, and Alpha Wire.
Awarded Abracon and Cornell Dubilier franchises.
Partnered with Ike Nizam Foundation to launch the Scholarship Program and Financial Assistance Program, 19 total participants awarded $82,500.
Company achieved over $500 million in annual sales.
Awarded Distributor of the year by Abbatron, CIT Relay & Switch, Marathon Special Products, and NTE Electronics.
Awarded TDK-Lambda franchise.
Scholarship Program and Financial Assistance Program, 32 total participants awarded $160,000.
Acquired ECCO Connectors.
AutoStore launched in April.
Scholarship Program and Financial Assistance Program, 40 total Participants awarded $196,000.
Awarded Distributor of the Year by Anderson Power, APEM, Bel Fuse Inc., Grayhill, Neutrik, and RECOM Power.
Awarded Advanced Energy, Aptiv, Amphenol TPI, conEsys, Hirose Electric Co., Huber+Suhner, and Littelfuse franchises.
40% of all picks now come from AutoStore and this has increased picking productivity by 233%
Scholarship Program and Financial Assistance Program, 57 total participants awarded $292,000.
