B&B TOOLS’ strategy – a more efficient value chain
The Group’s strategy is aimed at creating an increasingly efficient value chain to enable us to achieve our vision. This strategy is based on three cornerstones:
1. Securing distribution.
Proximity to customers is a crucial success factor for our vision – both geographically and figuratively. Proximity to industrial customers is achieved through such measures as establishing a presence in every justifiable location, either through proprietary reseller businesses or via partnerships with successful resellers.
2. Securing brand control.
Our vision and strategic cornerstones support each other. The following connection is certainly true: the closer we become to our industrial customers, the stronger the connection we can establish with important suppliers. B&B TOOLS is a trading operation and should not have any in-house manufacturing.
The Group’s total product portfolio is based on two main guidelines:
a. In market niches with world-leading suppliers, we will seek out cooperation with top players.
b. Within selected market niches, we will gradually build an increasingly strong portfolio of proprietary brands.
3. Investing in economies of scale.
Top logistics and information systems are crucial success factors for our vision. Within these areas, we will create and utilise economies of scale.
We will strive to achieve efficient flows and information handling throughout the value chain – from manufacturing of industrial consumables to customer utilisation of the products.
Our goal: All industrial customers should experience a sense of proximity
During the past five years, B&B TOOLS has undergone major development, which has given the Group a distinct market position. The Group’s strengths include nationwide coverage in Sweden, Norway and Finland, with a presence in more than 200 locations through proprietary operations or TOOLS partners. This creates a unique proximity to the customers and a high level of industry competence that is continuously utilised to further develop the Group’s offerings.
B&B TOOLS intends to continue strengthening its market position through organic development of existing businesses and acquisitions, as well as by utilising the effects of positions that have been gained.