2015 AD Member Sales Up 2% to Record Breaking US$32 Billion
AD, the US$32 billion contractor and industrial products wholesale buying/marketing group, reports that sales for all AD members, across all seven divisions and three countries, grew by 2% in 2015. Performance within AD’s operating segments ranged from +10% to -3%.
According to Bill Weisberg, AD’s Chairman and CEO, AD’s diversified business strategy allowed it 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.
“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.”
In 2015, AD members across all divisions, hired 5,569 new employees, opened 319 new locations and made 33 acquisitions.
