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This merger joins Delta’s members with AD’s PVF members and will bring collective member sales in AD’s PVF Division to more than $11 billion.
The September figure is 1.5% above the September 2019 estimate and 0.3% above the revised August estimate; year to date, construction spending is up 4.1%.
Following the acquisition, Zeeland’s leadership team will remain with the company, including Mark Miller, who will serve as president, and Mike Dykstra and Rob Groothuis in key leadership roles.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 13.9% during September.
The October PMI registered 59.3%, an increase of 3.9% from the September reading of 55.4% — and the sixth consecutive month of expansion.
Electrical distributor appoints co-CEO Kathleen Shanahan to top post; she becomes the first non-family CEO in company history and replaces Jayne Millard.
Buying group also reports that group purchases from AD suppliers were down 2% in the first nine months of 2020.
Building materials distributor SRS Distribution Inc. expands footprint in Ohio with the acquisition of a family-owned distributor of residential and commercial roofing, siding, windows and doors, and other products.
Dick Alario will continue to serve as a director of the company.
Bearings manufacturer RBC Bearings sees profit sink 34.8% in the second quarter of fiscal 2021.
