The key to growth at Thief River Falls’ Digi-Key

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By Adam Belz, Star Tribune

Digi-Key Corp., a wholesaler of electronic components that’s based in Thief River Falls, Minn., announced last week that its European sales are up 26 percent through the first nine months of the year.

The private company doesn’t release its profits, but overall sales are expected to be $1.7 billion in 2014, and all the parts for smartphones, electric cars, LED lights and medical devices ship out of Thief River Falls. Headcount at the company has grown from 2,600 to 3,200 in the past 18 months.”

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