History: A New Cooperative

 

Forming a New Cooperative, 1992 – 1994

At the 1992 annual meeting, the main topic focused on defining what I.W.D.A. needed to do to be most effective for its members. A steering committee reported on the concept of forming a “Cooperative,” and a unanimous member vote authorized the committee to proceed with its recommendations.

As a Cooperative, it became necessary to hire a Chief Operating Officer to oversee the business. Several candidates were interviewed, and Roger Bolenbaugh was offered the position, with employment to start January 15, 1994.

The Independent Welding Distributors Cooperative, Inc., was incorporated, and, on March 7, 1994, the membership voted to become a cooperative corporation retroactive to January 1, 1994. The purpose of the cooperative was stated as the furtherance of its membership through the manufacturing, warehousing, and distribution of welding and related industrial equipment and supplies.

You’ve read:

 

 

Now continue reading:

 

And if there’s still more you’d like to know about us, please contact the IWDC.

 

view more

News

Apr
27
IWDC Distribution Centers Limited Activity
In light of the upcoming 2018 Sales & Purchasing Convention, we wanted to make you aware of changes to our regular s...
Apr
12
IWDC Sets All-Time Monthly Record in March Led By Gas Program!
Indianapolis, IN – April 12, 2018 – IWDC Member Companies’ spend through their co-op exceeded $23 mil...
Mar
28
New IWDC Member VAC Oxygene ULC (VACOXY)
The IWDC is proud to announce a new addition to our memb...