Company also reports sales up 20 percent in first half of 2017.
Latest In Grocery & Foodservice Distribution
Sales for the first six months up 4.4 percent.
Sales increase 5.7 percent to $14.4 billion in fourth quarter.
Year-to-date sales up 7.7 percent year-over-year.
Wholesale sales increased 12.4 percent in the quarter.
Ric Phillips, president of the company's industrial division, takes over in interim role.
Profit increased 72.3 percent for the quarter.
Year-to-date sales up 11.5 percent year-over-year.
Fourth quarter sales increased 0.5 percent year-over-year.
Merger pairs food distributors with complementary distribution networks.
Unified Grocers will be a wholly-owned subsidiary of SUPERVALU.
Essendant CEO says company's industrial business won't rebrand.
Anita Zielinski will also act as senior vice president.
Company also reports sales Up 14% in 2016.
Two years ago, Essendant rebranded from United Stationers to align its businesses under one operating platform and better position itself in a crowded marketplace. At the company’s show for suppliers and customers earlier this month in Las Vegas, NV, Bob Aiken, president and CEO, and Keith Dougherty, senior vice president of merchandising, inventory and pricing for office and facilities, spoke with MDM Associate Editor Eric Smith about the company’s recent strategic decisions.
This article includes:
- An overview of Essendant and its offerings
- The company's top goals as it enters foodservice sector
- The company’s refocused brand positioning
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Former Parker Hannifin executive Jim Rowell brings 25 years of experience to manufacturer.
Company refocuses brand positioning, expands product categories.
Fourth-quarter sales increase 2 percent year-over-year.
Company's profit increases 1 percent during quarter.
