Industrial PVF

RSS

The ESOP transaction was officially closed on November 14, 2023, making Legend Valve & Fitting an employee-owned company. This decision was driven by the desire to align the employees' interests with the business's overall success, fostering a sense of shared responsibility and collaboration. 

Product availability/inventory levels was the top response, while pricing was second and inside sales service and support ranked third.

Respondents to the newest ASA Monthly Sales Report reported a median year-over-year sales decline of -3.4% for September 2023 vs the same timeframe in 2022.

In addition to training initiatives, Ferguson offers competitive compensation packages and avenues for advancement. 

The Southwest Pacific Distributors (SWPD), an affiliate of ASA, held its annual awards dinner in Long Beach, California, the evening of Oct. 5.

IMARK announced that M&N Supply’s President, Steve Norton, would be the new chairman of the board. We sat down with Norton to discuss upcoming IMARK initiatives, challenges facing independent distributors and more.

F.W. Webb’s latest New York City store is conveniently located at the geographic center of the five boroughs at 2 Galasso Place in Maspeth, Queens. 

Owner member same-store sales grew 6% through the first nine months of 2023. 

Charlotte Pipe’s new foundry is situated on 700 acres in Stanly County, about 35 miles east of the cast iron foundry it operated in Uptown Charlotte for more than 100 years.

Eastern Industrial Supplies annual golf tournament raised $90,000 that was donated to Teleios Ministry and will be used to house, educate, and support orphaned children who reside at Daily Bread Life Children’s Home and attend Bread of Life Secondary School in Tanzania.