Digi-Key Electronics is celebrating the companyโs 50th year in business, having started operations 3 April 1973.
Digi-Key team members will be recognised and will commemorate the milestone during a week-long celebration and during company events throughout the year.
โAs we celebrate this milestone year, we want to thank our team members, customers, partners, suppliers and our Thief River Falls community,โ said Dave Doherty, president of Digi-Key. โOur mutual success over these 50 years has been driven by your passion, dedication and loyalty. Together, weโve grown and excelled, and we know that an even brighter future awaits us all.โ
The company โ headquartered in Thief River Falls, Minnesota โ highlights that in 2022 it reached sales of $5.1 billion, by processing and shipping 6.5 million orders around the world annually. It has 5,000 employees worldwide and almost a million customers, across 180 countries.
Digi-Key recentlyย openedย its 2.2 million square foot Product Distribution Center expansion (PDCe), one of the largest warehouses in North America, to scale capacity to meet the demand.
History
The company writes:
โIn the early 1970s, Dr. Ronald Stordahl discovered an untapped group of entrepreneurs and inventors, like himself, who shared a need for small quantities of a wide range of electronic components that would ultimately fuel a technology revolution for electronic hobbyists, and then for the commercial market.โ
โFor 50 years now โ thanks to the hard work, commitment and entrepreneurial spirit of Digi-Keyโs more than 5,000 employees worldwide, 929,000+ customers, 2,400+ suppliers and myriad of global partners โ the organization has built upon that initial passion. Digi-Key now distributes not only electronic components but provides digital solutions and tools to engineers, designers and makers in more than 180 countries.โ
Thief River Falls
To honour its milestone, Thief River Falls Mayor, Brian Holmer, proclaimed 3 April 2023 โDigi-Key Day in the city of Thief River Falls.โ
โWe are thrilled to celebrate Digi-Keyโs 50th anniversary in the companyโs hometown of Thief River Falls, and weโre proud to see the company grow from humble beginnings into the global leader it is today while staying committed to its roots and our community.โ
โAs a member of our community, Digi-Key has demonstrated continued support and dedication to hiring locally with more than 4,200 employees from Thief River Falls and the surrounding area. The future is bright for Digi-Key and we canโt wait to see what the next 50 years and beyond have in store.โ