Affiliated Distributors (AD) reported Oct. 31 its member sales through the first nine months of 2022. Sales increased 26% to $55.8 billion across AD’s 14 divisions, according to a news release.
Same-store sales increased 22% through nine months, purchases by member companies from AD suppliers were up 27% to $15.2 billion, and net distributions to AD members increased by 38% to $924.5 million, according to the release.
AD added its 14th division, AD Building Supplies–Canada, after a merger with Torbsa in July. Fifty-three members joined AD through nine months, including 26 through the merger. An additional 66 companies were purchased by existing AD members and thus brought into the group, according to the release.
“The AD community has had an incredible year so far and we’re confident in a strong close to 2022,” AD Chairman and CEO Bill Weisberg said. “With our owner/members and supplier partners committed to collaboration and the long-term success of independent businesses, I continue to see a bright future ahead.”