The US Hardware Manufacturing Sector The hardware manufacturing sector in the United State

The US Hardware Manufacturing Sector

The hardware manufacturing sector in the United States generated $3.08 billion in sales last year. The industry currently employs approximately 18,000 people, nearly 15,000 of whom are engaged in production.

During the 1980s and 1990s, large corporations began to acquire smaller firms. For example, Twin Falls Hardware, long the number-two company in the industry in terms of sales, acquired eight companies between 1986 and 1993, further reinforcing its position

In 1995, two large hardware manufacturers, Gator Inc. and Kairn Corporation, merged to form. Kairn Holdings, an arrangement profitable for both companies. Kairn Holdings was the leading hardware manufacturer in the United States in 1998, and continues to be a market leader.

The majority of companies in the hardware manufacturing sector are privately owned. The industry is concentrated in the Southeastern United States, with over 40 percent of shipments originating there.

What is learned about the US hardware manufacturing sector？

A．It employs about 18,000 people.

B．It is entering a period of change.

C．It reached its peak during the 1990s.

D．It is a combination of three different industries.