AD Members Achieve Record Q1 Sales
AD reports that sales for all AD members, across all seven divisions and three countries, grew by 9% in 2016 Q1 YTD to a record US$8.7 Billion. Some of this quarter’s growth can be attributed to AD’s newest division, AD Canada Plumbing & Heating. On a same store basis, AD member sales grew 3%.
AD is the largest contractor and industrial products wholesale buying group in North America. Bill Weisberg, AD’s Chairman and CEO, commented on the results: “Business conditions continue to be challenging in many regions and segments; but there are strong spots, too. And clearly, AD members in every division are taking share. With the guidance and support of our AD Board of Directors, we are utilizing our growing economies of scale to make strategic investments to help our members grow now and into the future. AD eCommerce Solutions, AD HR Services, and AD Indirect Spend Services are three such areas of focus.”
Over the last 12 months, AD members across all divisions hired 1,267 new employees, opened 20 new locations, and made 5 acquisitions.
AD provides independent distributors and manufacturers of construction and industrial products with support and resources that accelerate growth. Its 550+ plus independently owned members span seven industries and three countries with annual sales in excess of US$32 Billion. AD served industries include electrical, industrial, plumbing, PVF, HVAC, building materials, and bearings & power transmission.
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