AD member sales up 7% to $7.9 Billion in 2015 Q1
Electrical and HVAC sales grow 7 %; building materials climb 12%.
Affiliated Distributors (AD), the $31 Billion contractor and industrial products wholesale buying / marketing group, reported sales for all AD members, across all seven divisions, grew by 7% in Q1 of 2015 to $7.9 billion.
Bill Weisberg, AD’s Chairman and CEO said, “Once again this quarter AD Members achieved above market growth, our Members hired 638 new employees, opened over 32 new locations and made 12 acquisitions. Additionally, we added 12 new AD Members with 51 branches, and expanded into the Bearings and Power Transmission market with 27 Charter Members. 2015 is off to a strong start.”
By Division, AD member first quarter sales grew as follows:
- U.S. Electrical up 7%;
- Canadian Electrical up 12%;
- Industrial up 5%;
- Plumbing up 6%;
- PVF up 2%;
- HVAC up 7%; and
- Building Materials up 12% year over year.
Affiliated Distributors (AD) is the largest contractor and industrial products wholesale buying group in North America. AD provides independent distributors and manufacturers of construction and industrial products with support and resources that accelerate growth. AD's 540+ plus independently owned members span seven industries and three countries with annual sales in excess of $31 Billion. AD served industries include electrical, industrial, plumbing, PVF, HVAC, building materials, and bearings & power transmission. For more information visit: www.ADHQ.com
CONTRACTOR SUPPLY MAGAZINE
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