Affiliated Distributors (AD), Wayne, Pa., reported that member sales across all seven of its divisions grew by 7% in Q1 of 2015 to $7.9 billion. Bill Weisberg, AD’s chairman and CEO said in a press release, “Once again this quarter AD members achieved above-market growth. Our members hired 638 new employees, opened over 32 new locations and made 12 acquisitions. Additionally, we added 12 new AD members with 51 branches, and expanded into the bearings and power transmission market with 27 charter members. 2015 is off to a strong start.”
By division, AD member first-quarter sales grew as follows: U.S. Electrical up 7%; Canadian Electrical up 12%; Industrial up 5%; Plumbing up 6%; PVF up 2%; HVAC up 7%; and Building Materials up 12% year over year. The buying/marketing group has 540-plus independently owned members in the electrical, industrial, plumbing, PVF, HVAC, building materials, and bearings & power transmission industries. AD member do combined annual sales of more than $31 billion.