New York, NY – December 12, 2017 – Thomas, the parent company of industry’s largest product sourcing and supplier selection platform at Thomasnet.com®, has announced an investment in Gaveteiro, a rapidly growing industrial and facilities supplies company in Brazil.
Operating in the world’s 8th largest economy, Gaveteiro is replicating the business model of multi-billion-dollar e-Commerce leaders in the US and Europe, which transformed the industry through their growth as large efficient online mega-suppliers.
“Gaveterio has built a fast-growing business via the convergence of content and commerce, helping industrial buyers in Brazil with daily information and direct access to purchasing products and services. We are impressed with the leadership and vision of the company and excited to be investors and advisors” explained Thomas President and CEO Tony Uphoff. “By being involved at the leading edge of e-Commerce with Gaveteiro in Brazil, we’ll gain tremendous insights and better understand the possibilities of digital commerce.”
“For more than 120 years Thomas has consistently developed the most innovative methods for bringing together industrial buyers and sellers, especially recently with its online platform, Thomasnet.com. Having Thomas as an investor helps us to see ahead of the curve in Brazil as we execute on our vision to build the dominant B2B e-commerce and marketplace” commented Gaveteiro Co-Founder and CEO, Joshua Kempf.
The state of the industrial supplies market in Brazil is similar to that of the US and Europe when they were at the same stage of development, and competition in the category is thin, with no broad-based industrial supply companies serving the market.
“We already offer Brazil’s widest mix of B2B products online and have the goal of putting more than one million products on our site in the next three years. Thomasnet’s leading approach to technical product specifications helps refine our thinking about how to make this vast amount of product information useful and convenient for our clients” added Kempf.
“This is a unique opportunity to be a part of reshaping the industrial supplies industry in a huge and emerging market, leveraging the internet and efficient logistics to make an impact on helping Brazil emerge from recession” continued Uphoff.
The news of its investment in Gaveteiro comes amidst a series of new initiatives at Thomas, including the roll out of a new brand architecture, one built upon the Company’s new “For Industry” tagline, and which will culminate in January with the launch of version 4.0 of its product sourcing and supplier selection platform at Thomasnet.com.
Thomas™ provides actionable information, data, analysis and tools that align with and support today’s industrial buying process. Its solutions include the Thomas Network at Thomasnet.com®, industry’s largest and most active buyer/supplier network. Through Thomas Marketing, the company provides full-service industrial marketing programs, digital product data syndication solutions, and website development. Thomas Insights delivers original content to help marketers and supply chain professionals inform their decision-making, through leading titles including Inbound Logistics, Industrial Equipment News® (IEN®), Your Industrial Daily, and the Thomas Index™.