Net sales of $6,803 million were 26.6% ahead of last year, 24.5% higher on an organic basis with 1.8% from acquisitions and a further 0.3% from the impact of foreign exchange. Inflation in the first quarter was in the low teens.
After enduring a unique set of challenges through 2020 and 2021, industry experts are excited to move forward into another high-demand year. The excitement is coupled with caution, as supply chain constraints, material pricing and labor shortages are not expected to resolve themselves in the near future.
ProSource Supply has acquired Marion Davis, a plumbing, lighting and electrical supplier with two locations in Upstate, South Carolina. Marion Davis will be rebranded to ProSource Supply after a transition period.
Munch’s Supply a Chicagoland area-based heating, air conditioning and plumbing distributor, has acquired TML Supply and its 13 branches servicing the province of Ontario, Canada. This will expand Munch’s geographic footprint to 64 locations serving 16 U.S. states and one Canadian province.
ASA’s monthly sales report shows October 2021 results that reflect another month of robust performance compared to the same month a year ago. Year-to-date and trailing-twelve-month figures remained strong when compared against 2020, a year that had multiple weeks, if not months of closures or partial closures.
Located at Creekside Commerce Center on John Price Road in southwest Charlotte, at over 200,000 square feet, the new facility nearly doubles the company’s warehouse space in the region. The DC will serve IPEX’s customers in North Carolina, South Carolina, Virginia, West Virginia, Tennessee and Kentucky.
The topic of labor has been front and center for quite some time now inside and outside of this industry. But it wasn’t until the recent Thanksgiving holiday break that it really hit home as to just how bad the current situation is. While waiting for my daughter to finish a recent fitness class, I decided to run a quick errand to mail a package. While driving down this road in an industrial park setting, business after business had roadside signs looking for labor — virtually every business on this busy road.
DDI System, a provider of ERP and eCommerce software for wholesale-distributors, announced David Greene has stepped into a new role with the company as director of business development. Greene, founder and former partner of a market-specific ERP for foodservice equipment and supply dealers joined DDI System as a dedicated Foodservice Market Specialist in January 2020. Greene’s wealth of industry expertise and trusted relationships strengthened DDI’s focus and growth in the foodservice equipment and supplies industry over the past year and a half.
Plumbing and Heating Wholesale (PHW) announced the acquisition of Sioux City, Iowa-based industrial supplier Wigman Co.
Wigman will initially continue to operate in their current location under the same name, plans will be made in the future to identify a new home for Wigman Co. and the industrial team.
NKBA Report finds cleanliness, sustainability and universal designs will be hot trends of 2022.
November 22, 2021
The National Kitchen & Bath Association (NKBA) released its annual Design Trends report. The 2022 study, a deep dive into all aspects of both kitchen and primary bathroom design, forecasts the styles, features, materials and innovations expected to be most popular over the next two to three years. The current study finds that the COVID-19 pandemic has accelerated consumer interest in and adoption of key trends in their homes such as integration of smart technology, multi-functional spaces and natural and nature-based designs.