MFG.com Acquires SourcingParts.com to Create Largest Online Marketplace for the Manufacturing Industry
Combined Company Brings Together a Community of Over 100,000 Buyers and Suppliers of Manufacturing Services and Industrial Products Across the Globe
Atlanta (USA) and Geneva (Switzerland), September 5, 2006 – MFG.com, Inc., the largest online marketplace for the manufacturing community, today announced the acquisition of SourcingParts.com SA, the leading on-demand sourcing platform and marketplace for the manufacturing industry in Europe .
This transaction combines the world’s two largest online marketplaces into a single global marketplace through which over $5 billion worth of manufacturing services was sourced in the last 12 months alone. The combined companies bring together buyers and suppliers from around the world in an online environment that leverages the collective intelligence of the community to bring products to market faster, less expensively and more intelligently.
“The manufacturing and supply chain community is a complex global ecosystem that is highly fragmented and riddled with inefficiency,” said MFG.com Founder and CEO Mitch Free. “Through today’s announcement, we have removed those inefficiencies on a global scale enabling companies to bring products to market faster with increased profitability. A core belief of both companies is that for every buyer with a manufacturing requirement there is a uniquely prepared supplier somewhere in the world. We are enabling them to find each other and manage the process from sourcing through production which brings tremendous value to both parties.”
This transaction combines two companies that have played leadership roles in North America and Europe respectively, and will further expand the manufacturing community’s ability to compete on a global scale. The technical similarities between the two platforms also allows existing users (buyers and suppliers) to benefit immediately from the merger without any change in their day-to-day usage.
“We are very excited to become part of MFG.com; we share a common vision and this alignment will allow us to offer an even more global solution for our multi-national customers,” declared Paul de La Rochefoucauld, Founder and CEO of SourcingParts.com. “Our customers will see immediate benefit by being part of a much larger global community as well as from the combined technological and support infrastructure. Whether our customers want to source to known suppliers across the street or find new suppliers across the globe, we have enabled them to do it with ease in an environment of unparalleled security.”
The company’s combined solution delivers value to buyers by providing a direct link between OEM purchasing tools and a global manufacturing marketplace. Together, buyers can more efficiently manage the purchasing process cutting down on both time and cost. Buyers will save time and money through more effectively matching their requirements to the specific capabilities of a worldwide network of suppliers covering over 300 manufacturing processes. The most popular and differentiating features of the service are the automated supplier discovery engine that instantly matches the attributes of a buyer’s RFQ to ideal suppliers and the community rating system that rewards those who are good citizens and exposes those who are not.
The company’s combined solution enables suppliers to instantly discover and build relationships with new and existing customers who are actively sourcing for the services and products they sell in a collaborative, non-auction, online environment. The company also provides suppliers of manufacturing services with on-demand productivity tools to help them manage their business without the hassles of traditional shrink wrapped software. In addition to quoting RFQs, the system delivers a cost-effective and efficient way to reach new customers
For suppliers with current customers, the marketplace offers improved collaboration tools and techniques enabling suppliers to respond to RFQs in a more efficient and timely matter.
MFG.com is an online marketplace servicing the manufacturing community. MFG.com instantly and intelligently matches buyers with suppliers of manufactured parts across the globe, greatly expanding business opportunities for both. MFG.com is transforming the once-fragmented world of manufacturing into a single, on-demand service, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels. For more information, please visit
SourcingParts.com operates a worldwide online marketplace for the manufacturing industry. Developed by industrial experts, the SourcingParts.com solution puts industrial buyers in direct relation with the world of sub-contracting. The company is present in France, Germany, Italy, Czech Republic, China, India, and the USA has its headquarters in Geneva (Switzerland). The system is multi-currency and works in 10 languages, which allows buyers and suppliers from all over the world to communicate easily, without geographical barriers.
For more information, please visit
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