Latin America. Almo Corporation celebrates in 2021 the 75th anniversary of its founding, made in 1946. Celebrations around this diamond-studded achievement range from giving back to Almo communities by serving 75 different charities to in-person and virtual celebrations alongside key business and industry events.
In 1946, Albert Margolis and Morris Green founded a wholesale distribution company in Center City, Philadelphia. They called the company using the first two letters of their names. Al was first on the list, so the company name would be at the beginning of the yellow pages phone book, which was the main means of advertising at the time. They sold spare parts for radios and televisions to the distributor's service trade through various branches in the Mid-Atlantic states.
Over the course of 75 years, Almo has grown from a team of two to a thriving third-generation family business with more than 650 employees, nine distribution facilities and 2.5 million square feet of storage space to support its core business: appliances and electronics, premium appliances, professional AV and other business segments.
According to Warren Chaiken, president and CEO of Almo Corporation, "75 years ago, two friends gave their name to a dream; what began as his dream became his legacy. We are proud to continue to function strongly at age 75 and are especially grateful for the partnerships we have won and maintained along the way. We look forward to celebrating the milestones that have shaped and shaped Almo Corporation into the company it is today."
Chaiken added, "While we will always be proud of our heritage, over the past year, the way our company has been able to transform, stay relevant and support those in need during the pandemic will be an important milestone in Almo's timeline. Be able to quickly configure our processes for employees to work seamlessly from home, offer a financial aid alliance program, source products to keep our partners in business, provide products that focus on detection and disinfection, and create a successful virtual platform for our in-person events for distributors, are just some of the ways we've continued to move through the challenges of 2020." He concluded, "The future looks bright as we continue to forge partnerships that fit our business model and focus on new strategic business opportunities."
