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Breaking news in Wholesale Distribution
The outlook for 2022 remains bright, but government efforts to restrain inflation, global instability and continued supply chain challenges seem to shift the variables almost daily.
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The industrial technology company net sales of $909.1 million for the second quarter of fiscal 2022 ended February 28.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly report, showing 25.1% average annual sales growth.
The company says its White Cup CRM will be able to grow revenue for distributors thanks to improved marketing and sales.
American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion, according to Census Bureau data.
The foodservice, janitorial and sanitation distributor called Associated Paper “an industry leader with unique capabilities.”
The company completed a deal to buy Williams Wholesale Supply, a plumbing and electrical distributor with locations in Tennessee.
The distributor says Cesar Lanuza has been appointed president and CEO of Lawson’s operating company, as Michael G. DeCata retires.
