AD sales up by 2 percent
Affiliated Distributors reported sales for AD members across its seven divisions and three countries grew by 2% in 2015.
Performance within AD’s operating segments ranged from +10% to -3%.
"Our diversified business strategy, of operating across seven industries and three countries, allowed us to capitalize on high growth areas of the economy and offset the negative impact of commodities, oil and gas and major industrial markets. The efficiencies afforded by our scale, along with the prudent management of investments and operational costs allowed us to deliver over 100% of rebates to our independent member distributors and to cover 100% of our expenses,” said Bill Weisberg, AD chairman and CEO.
Weisberg continued, "Consistent with our strategic plan to leverage our overall size to cost-effectively deliver added value to every Division, we expanded our service set to include AD eCommerce Solutions and AD HR Services. We believe that the collaborative financial investments made in 2015 put our membership in a strong position to capitalize on the opportunities in 2016.”
During 2015, AD members hired 5,569 new employees, opened 319 new locations and made 33 acquisitions.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
