Affiliated Distributors posted 4 percent growth
Affiliated Distributors (AD) reported 4% growth across all AD Divisions in the first quarter to $7.1 billion.
AD reported divisional increases as follows: Electrical increased by 3%; Industrial gained 3%; Plumbing/PVF increased 2%; HVAC was up 6%; and Building Materials increased by 12%.
"The first quarter in 2014 presented its share of challenges including one of the worst winters affecting every region of the U.S.” said Bill Weisberg, AD’s chairman and CEO. “But despite these challenges, AD consistently outpaces the marketplace with strong Supplier support and innovative programs and services.”
AD members hired 1,900 new employees during the first quarter, opened over 90 new locations and made five 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.
