The American Supply Association recently joined its more than 90 coalition partners in supporting an extension of the Paycheck Protection Plan loan availability that was due to expire March 31. The Senate overwhelmingly passed the bill 92-7, and earlier this week President Biden signed the bill into law.
Merger and acquisition news continues to frequent the PHCP-PVF industry. Whether it be due to lack of exit strategy, financial reasons or just a desire to leave the business, making the decision to sell a company is no small feat.
PMI joined with the Buy Safe America Coalition, a group of retailers, consumer groups, wholesaler-distributors and manufacturers, to support and advance the INFORM Consumers Act. Introduced in the U.S. Senate on March 23, the legislation is designed to protect consumers from counterfeit and stolen products sold online, which has become a growing problem.
Aaron and Co. has announced the addition of Paul Martino as President effective March 1. Martino will succeed Barry Portnoy as president, who will stay on as CEO.
RepMasters of Denver, Colorado has been named Watts Representative of the Year and winner of The Golden Regulator Award for driving significant sales growth during the 2020 pandemic year.
Navien has launched its new NPE-2 series. The NPE-2 is offered in four Standard (NPE-S2) models up to 199,900 BTU/H and three Advanced (NPE-A2) models up to 199,900 BTU/H.
Winsupply has completed the purchase of Discount Drainage Supplies, a waterworks distributor with three locations in Ohio. Based in Akron, Discount Drainage is the largest stocking distributor of drainage pipe and related products in Ohio, including culvert pipe, PVC pipe and septic supplies. Details of the purchase were not disclosed.
Dakota Supply Group (DSG) announced it is now a full line supplier of residential and commercial plumbing products for LIXIL across its American Standard, DXV and GROHE brands.