Jaco ManufacturingCo history

Prosperity, Then Overexpansion: 1961--82

Also in 1968, Jaco expanded to the West Coast by opening a sales headquarters and warehouse in Chatsworth, California.

Jaco made its initial public offering in 1970, raising $1.2 million by selling common stock at $7.50 per share.

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.

In 1978, Art Jacobs retired and sold the company to Irv Davies, President of JACO Sales Corporation Fittings Division, and L. Claire Campbell, Vice President/General Manager, JACO Manufacturing Company.

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

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.

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.

One Wall Street investor noted with approval in 1993 that more than half of Jaco's sales were coming from capacitors, electromechanical devices, and resistors, as opposed to semiconductors, which were prone to sudden surges and falls in demand.

Jaco's revenues reached a record $167 million and its net income a record $3.9 million in fiscal 1996.

In October 1998 Joel Girsky owned 15 percent of Jaco's common stock, while Charles Girsky owned 2.4 percent.

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.

2020 also brought us the leadership of our new CEO, Solyman Omar.