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Jaco history
Jaco company history timeline
In 1972 Semiconductor Concepts, Inc., was marketing semiconductors; Jaco International Ltd., electronic components sold to foreign markets; and Rampart Components, Inc., electronic parts as an exclusive distributor under license from recognized manufacturers.
With the end of the Vietnam War, however, company revenue, highly dependent on military contracts, began to stagnate and the company lost money in fiscal years 1976, 1977, and 1978. It earned record net income of nearly $2 million on net sales of $29.5 million in the fiscal year ended June 30, 1974.
After making a profit on record revenues of $64.8 million in fiscal 1980, the company sustained losses in the next three years, having expanded at a time when the electronics industry was caught in a major recession.
Restructuring and Consolidation: 1982--90
Jazz Legend Jaco Pastorius Gives a 90 Minute Bass Lesson and Plays Live in Montreal (1982)
An emphasis on cost-cutting enabled Jaco Electronics to operate profitably even though its revenues fell to $28 million in fiscal 1985.
In fiscal 1987 capacitors accounted for 49 percent of Jaco's sales; semiconductors for 16 percent; electromechanical devices and motors for 26 percent; and other products for nine percent.
One of those changes, from “Donna Lee” to the end of Pastorius’ tumultuous life and career in 1987 involved moving the electric bass into a melodic role it had not played before.
In 1988 it was representing more than 75 electronics manufacturers, selling through its own sales force and independent representatives to more than 8,000 customers.
Semiconductors accounted for 35 percent in fiscal 1989, electromechanical devices and motors, 18 percent, and resistor products, seven percent.
Jaco Electronics entered the distribution of computer subsystems, including such items as disk and tape drives, floppy disks, and controllers, when it agreed in late 1989 to purchase Dallas-based Quality Components, Inc. for $2.35 million in cash.
Revenues reached nearly $80 million in fiscal 1990.
In December of 1993, JACO purchased National Chem Lab and moved into its current location at 103 12th Avenue SW, Ephrata, Washington.
Jaco's revenues reached a record $167 million and its net income a record $3.9 million in fiscal 1996.
During 1996--97 it acquired two more suppliers, QPS Electronics and Corona Electronics, Inc.
Net income also fell both years, dropping to $1.2 million in 1998.
The company had distribution facilities in Hauppauge and Westlake Village, California, with the former accounting for about 81 percent of inventory in fiscal 1998.
In 2010, Jaco MTP Inc. formally changed its name to Jaco Aerospace to focus on the fact that Jaco primarily serviced aerospace companies.
In June of 2013, Jaco Aerospace moved up the block in Pasadena, again doubling the size of its facility.
In 2014 Jaco Aerospace acquired Tapes Plus Inc. of Torrance, CA - a well known, innovative and recognized leader in world wide distribution of aircraft and industrial tapes.
2020 also brought us the leadership of our new CEO, Solyman Omar.
2021 the growth that Solyman added to Jaco has led to the need to grow our infrastructure to meet our customers' needs.
Rate how well Jaco lives up to its initial vision.
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Jaco competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Blind Industries and Services of Maryland | - | $130.0M | 750 | - |
| NoRTEC | - | $540,000 | 6 | - |
| SKC | 1962 | $44.0M | 100 | - |
| Technology Conservation Group | 1996 | $60.6M | 100 | - |
| BELDING | 2008 | $560,000 | 10 | - |
| Continental Carbonic Products | 1976 | $59.0M | 750 | 3 |
| SANDUSKY | 1818 | $690,000 | 50 | - |
| Universal Recycling Technologies | 2003 | $76.4M | 71 | - |
| Crossville | 1986 | $72.0M | 254 | - |
| West Point City | - | $650,000 | 9 | 24 |
Jaco history FAQs
Zippia gives an in-depth look into the details of Jaco, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Jaco. The employee data is based on information from people who have self-reported their past or current employments at Jaco. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Jaco. The data presented on this page does not represent the view of Jaco and its employees or that of Zippia.
Jaco may also be known as or be related to Jaco, Jaco LLC, Jaco, Inc. and jaco.